Albany Music Foundation Inc

Albany Music Foundation Inc. reports zero revenue and assets in its latest filing, indicating dormancy after years of fluctuating small-scale operations.

EIN: 141831601 · North Hampton, NH · NTEE: A68 · Updated: 2026-03-28

$0Revenue

$0Assets

65/100Mission Score (Good)

A68

About Albany Music Foundation Inc

Albany Music Foundation Inc (EIN: 141831601) is a nonprofit organization based in North Hampton, NH, classified under NTEE code A68. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Music Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Albany Music Foundation Inc. appears to be a very small, volunteer-run organization based on its financial filings. With zero revenue and assets in its latest filing, and historical revenues fluctuating significantly (e.g., $109,990 in 2015 vs. $10,392 in 2019), its financial health is inconsistent and currently dormant. The organization consistently reports 0% officer compensation across all available filings, indicating a strong commitment to volunteer leadership and minimizing administrative overhead related to salaries. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the absence of executive pay.

The organization's transparency is good in terms of executive compensation, as it consistently reports no paid officers. However, without more detailed expense categories beyond total expenses, it's difficult to fully evaluate how efficiently funds were allocated between programs, administration, and fundraising when the organization was active. The significant drop to zero revenue and assets in the latest period suggests the organization may be inactive or in the process of winding down, which impacts its current operational transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Albany Music Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Albany Music Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a small nonprofit.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Albany Music Foundation Inc's IRS 990 filings:

Zero revenue and assets in the latest filing, suggesting dormancy or cessation of operations.
Highly inconsistent revenue generation over its operational history, making financial planning difficult.

Strengths

The following positive indicators were identified for Albany Music Foundation Inc:

Consistent 0% officer compensation, indicating volunteer leadership and low administrative salary costs.
No reported liabilities across all filings, suggesting good financial management in terms of debt.

Frequently Asked Questions about Albany Music Foundation Inc

Is Albany Music Foundation Inc. currently active?

Based on the latest filing showing $0 revenue and $0 assets, the Albany Music Foundation Inc. appears to be inactive or dormant.

How has the organization's revenue trended over time?

The organization's revenue has fluctuated significantly, from a high of $109,990 in 2015 to $0 in its latest filing, with several years showing revenues under $30,000.

Does the organization pay its officers?

No, the organization consistently reports 0% officer compensation across all available filings, indicating a volunteer leadership structure.

Filing History

IRS 990 filing history for Albany Music Foundation Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Albany Music Foundation Inc's revenue has declined by 69.2%, moving from $34K to $10K. Total assets decreased by 45.8% over the same period, from $8K to $4K. Total functional expenses fell by 63.3%, from $46K to $17K. In its most recent filing year (2019), Albany Music Foundation Inc reported a deficit of $6K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$10K	$17K	$4K	$0	—	View 990
2018	$20K	$25K	$11K	$0	—	View 990
2017	$36K	$22K	$16K	$0	—	—
2016	$3K	$3K	$3K	$0	—	View 990
2015	$110K	$109K	$3K	$0	—	View 990
2014	$105K	$103K	$2K	$0	—	View 990
2013	$30K	$30K	$951	$0	—	View 990
2012	$22K	$29K	$523	$0	—	View 990
2011	$34K	$46K	$8K	$0	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $10K, expenses of $17K, and assets of $4K (revenue -49.2% year-over-year).
2018: Revenue of $20K, expenses of $25K, and assets of $11K (revenue -42.9% year-over-year).
2017: Revenue of $36K, expenses of $22K, and assets of $16K (revenue +1307.2% year-over-year).
2016: Revenue of $3K, expenses of $3K, and assets of $3K (revenue -97.7% year-over-year).
2015: Revenue of $110K, expenses of $109K, and assets of $3K (revenue +4.7% year-over-year).
2014: Revenue of $105K, expenses of $103K, and assets of $2K (revenue +250.1% year-over-year).
2013: Revenue of $30K, expenses of $30K, and assets of $951 (revenue +38.4% year-over-year).
2012: Revenue of $22K, expenses of $29K, and assets of $523 (revenue -35.8% year-over-year).
2011: Revenue of $34K, expenses of $46K, and assets of $8K.

Data Sources and Methodology

This transparency report for Albany Music Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.