Audio Engineering Society Inc
Audio Engineering Society Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 135603831 · New York, NY · NTEE: S400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Audio Engineering Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Audio Engineering Society Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Audio Engineering Society Inc
Audio Engineering Society Inc (EIN: 135603831) is a nonprofit organization based in New York, NY, classified under NTEE code S400. The organization reported total revenue of $2.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Audio Engineering Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Audio Engineering Society Inc is a mid-size nonprofit that has been operating for 60 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$387K |
| Total Assets | $2.5M |
| Total Liabilities | $1.5M |
| Net Assets | $1.0M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 59.5% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2023, Audio Engineering Society Inc reported a surplus of $387K with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 59.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Audio Engineering Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +17.1% | +29.1% |
| 2022 | +48.7% | +56.1% | +14.8% |
| 2021 | -25.2% | -9.0% | +33.4% |
| 2020 | -38.9% | -53.1% | +88.8% |
| 2019 | -0.2% | -1.8% | -29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1966 |
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 Audio Engineering Society Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Audio Engineering Society 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $387K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with revenues exceeding $2 million annually. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial reporting, potentially under general administrative expenses.
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 Audio Engineering Society Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might obscure how executive leadership is compensated if not truly volunteer-based.
Strengths
The following positive indicators were identified for Audio Engineering Society Inc:
- Consistent revenue growth, with revenue increasing from $1,712,667 in 2021 to $3,238,587 in 2023.
- Significant asset accumulation, growing from $664,121 in 2019 to $2,477,468 in 2023.
- Positive net income in recent years, such as a surplus of $386,885 in 2023 ($3,238,587 revenue - $2,851,702 expenses).
- Long history of IRS 990 filings (14 filings), indicating transparency and compliance.
- Strong financial position with assets significantly exceeding liabilities in recent years.
Frequently Asked Questions about Audio Engineering Society Inc
Is Audio Engineering Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Audio Engineering Society Inc (EIN: 135603831) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Audio Engineering Society Inc spend its money?
Audio Engineering Society Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Audio Engineering Society Inc tax-deductible?
Audio Engineering Society Inc is registered as a tax-exempt nonprofit (EIN: 135603831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Audio Engineering Society Inc CEO make?
Audio Engineering Society Inc's highest-compensated officer earns $2 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Audio Engineering Society Inc's spending goes to programs?
Audio Engineering Society Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Audio Engineering Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Audio Engineering Society Inc is above average for NTEE category S400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Audio Engineering Society Inc located?
Audio Engineering Society Inc is headquartered in New York, New York and files with the IRS under EIN 135603831. It is classified under NTEE code S400.
How many years of IRS 990 filings does Audio Engineering Society Inc have?
Audio Engineering Society Inc has 14 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 $2.7M in total revenue.
Is Audio Engineering Society Inc. financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $1,712,667 in 2021 to $3,238,587 in 2023, and a significant increase in net assets from $664,121 in 2019 to $2,477,468 in 2023.
How does Audio Engineering Society Inc. manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, indicating that its officers are either unpaid volunteers or their compensation is not classified as 'officer compensation' in the filings.
What is the trend in the organization's assets?
The organization has shown a strong upward trend in assets, growing from $664,121 in 2019 to $2,477,468 in 2023, demonstrating effective financial management and accumulation of reserves.
Are there any concerns about the organization's liabilities?
While liabilities have increased from $1,043,538 in 2020 to $1,475,088 in 2023, the growth in assets has outpaced this, improving the overall financial position and reducing concerns about the liability level relative to assets.
Filing History
IRS 990 filing history for Audio Engineering Society Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Audio Engineering Society Inc's revenue has grown by 3.3%, moving from $3.1M to $3.2M. Total assets increased by 133.6% over the same period, from $1.1M to $2.5M. Total functional expenses fell by 8%, from $3.1M to $2.9M. In its most recent filing year (2023), Audio Engineering Society Inc reported a surplus of $387K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $2.5M in assets (debt-to-asset ratio: 59.5%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.9M | $2.5M | $1.5M | — | View 990 |
| 2022 | $2.5M | $2.4M | $1.9M | $1.4M | — | View 990 |
| 2021 | $1.7M | $1.6M | $1.7M | $1.2M | — | View 990 |
| 2020 | $2.3M | $1.7M | $1.3M | $1.0M | — | View 990 |
| 2019 | $3.7M | $3.7M | $664K | $1.1M | — | View 990 |
| 2018 | $3.8M | $3.7M | $939K | $1.5M | — | View 990 |
| 2017 | $3.4M | $3.6M | $970K | $1.4M | — | View 990 |
| 2016 | $3.3M | $3.1M | $778K | $1.0M | — | View 990 |
| 2015 | $3.1M | $3.2M | $704K | $1.2M | — | View 990 |
| 2014 | $3.1M | $3.1M | $507K | $834K | — | View 990 |
| 2013 | $2.9M | $3.3M | $615K | $1.0M | — | View 990 |
| 2012 | $2.9M | $3.1M | $820K | $850K | — | View 990 |
| 2011 | $3.2M | $3.3M | $1.3M | $1.2M | — | View 990 |
| 2010 | $3.1M | $3.1M | $1.1M | $845K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.9M, and assets of $2.5M (revenue +27.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $1.9M (revenue +48.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $1.7M (revenue -25.2% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.7M, and assets of $1.3M (revenue -38.9% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.7M, and assets of $664K (revenue -0.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.7M, and assets of $939K (revenue +10.5% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.6M, and assets of $970K (revenue +4.0% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.1M, and assets of $778K (revenue +4.7% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.2M, and assets of $704K (revenue -1.0% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.1M, and assets of $507K (revenue +7.8% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.3M, and assets of $615K (revenue -0.3% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.1M, and assets of $820K (revenue -9.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.3M, and assets of $1.3M (revenue +3.2% year-over-year).
- 2010: Revenue of $3.1M, expenses of $3.1M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Audio Engineering Society Inc:
Data Sources and Methodology
This transparency report for Audio Engineering Society 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.