Inone Music Ministries

Nonprofit profile at a glance

EIN
823932024
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2021
Location
Plano, TX, USA
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Music Groups, Bands, Ensembles
Affiliation
Christianity

Official website

Reported finances

Revenue
$76,318
Expenses
$77,291
Assets
$172,262
Liabilities
$130,129

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Billy Wu (President)

People named in this filing

  • Billy Wu (President)
  • Crausy Ross (Secretary Music Director)
  • Wister Wong (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

InOne Music Ministries is a group of people from different churches with different backgrounds who are passionate about using music to serve Christ and His people. We are based in the Dallas Forth Worth area. Our vision is to worship together in the Lord on earth as it is in Heaven.

What it reported doing in 2023

Equip ministries - Be a school to train and develop musicians to worship Jesus our Lord. Serve over 100 people. We provide regular weekly piano classes for children; provide worship training classes; conducted a Christian choir; held music summer camp.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 23
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.4%; rating input score 23
  • Program expense ratio: 23.1%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.3%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 2.23; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 27.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -38.2% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -35.2% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 23.4% of revenue deployed · 23.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $18K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.