YOUNG MUSICAL SCHOLARS FOUNDATION INC
SILVER SPRING,
Maryland,
20905
EIN: 54-1824117
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
2335 HOLLY SPRING DR
20905
COUNTY
montgomery county, MD
ORGANIZATIONAL OVERVIEW & RANKINGS
YOUNG MUSICAL SCHOLARS FOUNDATION INC is a based in SILVER SPRING, MD, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes . Established in June 1997, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $4,705.00, this ranks 725,344 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 14,213 out of 58,073 organizations in MD (Top 25%).
In montgomery county, MD, the organization ranks 3,295 out of 10,971 nonprofits by assets (Top 30%), while locally in silver spring, it stands at 623 among 2,696 organizations (Top 24%).
The organization reported annual revenue of $1,330.00, ranking 623,589 nationally (Top 24%) and 12,871 in MD (Top 23%).
Within its specific NTEE classification (T99I - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 39 similar organizations, YOUNG MUSICAL SCHOLARS FOUNDATION INC ranks 30 in assets (Top 30%) and 23 in revenue (Top 23%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
N/A
FOUNDATION CODE
17: Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above. 509(a)(3)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$1,330.00
FORM 990 REVENUE AMOUNT
$1,330.00
RULING DATE
06/1997
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$4,705.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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