American Association Of Independent Music Inc
American Association Of Independent Music Inc maintains stable finances with no reported officer compensation.
EIN: 203132925 · New York, NY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 90/100 |
Is American Association Of Independent Music Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Association Of Independent Music Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Association Of Independent Music Inc
American Association Of Independent Music Inc (EIN: 203132925) is a nonprofit organization based in New York, NY, classified under NTEE code S41. The organization reported total revenue of $2.0M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Association Of Independent Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Association Of Independent Music Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-75,279 |
| Total Assets | $2.2M |
| Total Liabilities | $281K |
| Net Assets | $1.9M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, American Association Of Independent Music Inc reported a deficit of $75K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Association Of Independent Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +38.1% | +1.1% |
| 2022 | +12.3% | +28.8% | +12.7% |
| 2021 | +18.5% | -0.3% | +9.4% |
| 2020 | -6.7% | -17.2% | +17.5% |
| 2019 | -5.6% | +11.1% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Association Of Independent Music Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Association Of Independent Music Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, which is a strong positive for donor confidence and suggests a highly efficient use of funds for its mission.
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.
Strengths
The following positive indicators were identified for American Association Of Independent Music Inc:
- Consistent revenue growth over the past decade, from $1,086,771 in 201406 to $2,824,122 in 202306.
- Steady increase in assets, reaching $2,219,515 in 202306, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for mission.
- Long and consistent IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.
- Generally stable financial operations with revenues often exceeding or closely matching expenses.
Frequently Asked Questions about American Association Of Independent Music Inc
Is American Association Of Independent Music Inc a legitimate charity?
American Association Of Independent Music Inc (EIN: 203132925) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does American Association Of Independent Music Inc spend its money?
American Association Of Independent Music Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to American Association Of Independent Music Inc tax-deductible?
American Association Of Independent Music Inc is registered as a tax-exempt nonprofit (EIN: 203132925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Association Of Independent Music Inc's spending goes to programs?
American Association Of Independent Music Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Association Of Independent Music Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), American Association Of Independent Music Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Association Of Independent Music Inc located?
American Association Of Independent Music Inc is headquartered in New York, New York and files with the IRS under EIN 203132925. It is classified under NTEE code S41.
How many years of IRS 990 filings does American Association Of Independent Music Inc have?
American Association Of Independent Music Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Is American Association Of Independent Music Inc a good charity?
Based on its consistent financial health, growth in assets, and zero reported officer compensation, AAIM appears to be a well-managed organization with a strong focus on its mission. Its long filing history also suggests stability and compliance.
How has AAIM's financial health trended over the last few years?
AAIM has shown consistent revenue growth, from $1,086,771 in 201406 to $2,824,122 in 202306. While the 202306 period showed a slight deficit, previous years like 202206 and 202106 had surpluses, contributing to a steady increase in assets from $1,236,346 to $2,219,515.
What is the significance of 0% officer compensation?
Zero reported officer compensation is highly significant as it indicates that the organization's leadership is either entirely volunteer-based, compensated through other means not classified as officer compensation, or that compensation is very low. This practice typically leads to a higher percentage of funds being directed towards program services, enhancing efficiency and donor trust.
Filing History
IRS 990 filing history for American Association Of Independent Music Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Association Of Independent Music Inc's revenue has grown by 239.7%, moving from $831K to $2.8M. Total assets increased by 171.5% over the same period, from $818K to $2.2M. Total functional expenses rose by 359.4%, from $631K to $2.9M. In its most recent filing year (2023), American Association Of Independent Music Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $281K in liabilities against $2.2M in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.9M | $2.2M | $281K | — | View 990 |
| 2022 | $2.3M | $2.1M | $2.2M | $180K | — | View 990 |
| 2021 | $2.0M | $1.6M | $1.9M | $83K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.8M | $289K | — | View 990 |
| 2019 | $1.8M | $2.0M | $1.5M | $82K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.7M | $148K | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.6M | $105K | — | View 990 |
| 2016 | $1.3M | $1.6M | $1.2M | $157K | — | View 990 |
| 2015 | $1.4M | $1.2M | $1.5M | $142K | — | View 990 |
| 2014 | $1.1M | $936K | $1.2M | $30K | — | View 990 |
| 2013 | $1.1M | $842K | $1.2M | $113K | — | View 990 |
| 2012 | $883K | $728K | $996K | $150K | — | View 990 |
| 2011 | $831K | $631K | $818K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $2.2M (revenue +25.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $2.2M (revenue +12.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $1.9M (revenue +18.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.8M (revenue -6.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.0M, and assets of $1.5M (revenue -5.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.7M (revenue +17.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue +27.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.6M, and assets of $1.2M (revenue -6.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $1.5M (revenue +25.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $936K, and assets of $1.2M (revenue +3.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $842K, and assets of $1.2M (revenue +19.1% year-over-year).
- 2012: Revenue of $883K, expenses of $728K, and assets of $996K (revenue +6.2% year-over-year).
- 2011: Revenue of $831K, expenses of $631K, and assets of $818K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Association Of Independent Music Inc:
Data Sources and Methodology
This transparency report for American Association Of Independent Music 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.