Keys of Change USA
Nonprofit profile at a glance
- EIN
- 820614802
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2020
- Location
- Chapel Hill, NC, USA
- Phone
- 9192657645
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $124,099
- Expenses
- $83,609
- Assets
- $102,356
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- JR Thornton (Managing Trustee)
- Panos Karan (Trustee)
- Ansel Mullins III (Trustee)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing music education, skills and musical instruments for disadvantaged youth.
What it reported doing in 2025
Quito, Ecuador - Keys USA supports the musical education of 20 children from deprived backgrounds who live in the Quito area. There is also an additional program in the Andes mountains which provides both musical instruction and musical instruments involving an additional 20 disadvantaged youth. The Andes mountain students performed a concert in the capital city of Quito.
Operating model
- Revenue model
- Donor-supported. 98% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. No material rating questions were generated from the available inputs.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68%; rating input score 68
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 32.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 22.5% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 17.2% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 68% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $84K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.