The Foundation For Music-based Learning Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
The Foundation For Music-based Learning Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1994, with -$3,188 in FY2024 revenue. CharityIndex grades it F.
507 Arlington St, Greensboro, NC, 27406 EIN 56-1853136 Since 1994
Revenue (FY2024)
-$3,188
▼ 113.8% vs prior year
Expenses (FY2024)
$60K
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Foundation For Music-based Learning Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating200 mo reserves · -1985% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Foundation For Music-based Learning Inc: 200 mo reserves · -1985% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Foundation For Music-based Learning Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Foundation For Music-based Learning Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 507 Arlington St, Greensboro, NC, 27406
- City
- Greensboro
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $436K (FY2013) to -$3,188 (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.0M
Operating margin
-1985.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$0
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$3,188▼114% | $60,109▲26.8% | $1,003,135▲19.5% | $1,003,135▲19.5% | 990PF |
| 2023 | $23,137▼53.2% | $47,413▲12.4% | $839,525▲5.7% | $839,525▲5.7% | 990PF |
| 2022 | $49,460▲433% | $42,173▲2489% | $794,234▲17.8% | $794,234▲17.8% | 990PF |
| 2021 | $9,272▼60.8% | $1,629▼39.0% | $674,447▲1.1% | $674,447▲1.1% | 990PF |
| 2020 | $23,683▲182% | $2,671▼47.6% | $666,804▲3.3% | $666,804▲3.3% | 990PF |
| 2019 | $8,398▲14.6% | $5,099▼14.0% | $645,792▲24.7% | $645,792▲24.7% | 990PF |
| 2018 | $7,327▼28.0% | $5,931▼98.9% | $517,735▲0.3% | $517,735▲0.3% | 990PF |
| 2017 | $10,175▼96.2% | $523,713▲65.2% | $516,339▼49.9% | $516,340▼49.9% | 990PF |
| 2016 | $269,882▲922% | $316,945▼34.6% | $1,029,877▼10.9% | $1,029,877▼10.9% | 990PF |
| 2014 | $26,401▼93.9% | $484,657▲85.4% | $1,155,676▼28.4% | $1,155,676▼28.4% | 990PF |
| 2013 | $435,938 | $261,383▲400% | $1,613,932▲22.6% | $1,613,932▲22.6% | 990PF |
| 2012 | — | $52,299 | $1,316,062 | $1,316,305 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is The Foundation For Music-based Learning Inc a legitimate nonprofit?
- Yes. The Foundation For Music-based Learning Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1853136, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is The Foundation For Music-based Learning Inc's EIN?
- The Foundation For Music-based Learning Inc's Employer Identification Number (EIN) is 56-1853136.
- How much revenue does The Foundation For Music-based Learning Inc report?
- The Foundation For Music-based Learning Inc reported -$3,188 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Foundation For Music-based Learning Inc have?
- CharityIndex grades The Foundation For Music-based Learning Inc F, based on financial health (reserves and operating margin).
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Data for The Foundation For Music-based Learning Inc (EIN 56-1853136) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.