Carnegie Hall Society Inc
Carnegie Hall Society Inc. reports significant revenue growth but zero assets in recent filings, raising questions about financial structure.
EIN: 136136259 · New York, NY · NTEE: A030 · Updated: 2026-03-28
Is Carnegie Hall Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carnegie Hall Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Carnegie Hall Society Inc
Carnegie Hall Society Inc (EIN: 136136259) is a nonprofit organization based in New York, NY, classified under NTEE code A030. The organization reported total revenue of $175.8M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carnegie Hall Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carnegie Hall Society Inc is a major nonprofit that has been operating for 64 years, with 6 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.8M |
| Total Expenses | $13.5M |
| Surplus / Deficit | +$38.3M |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 73.9% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2017, Carnegie Hall Society Inc reported a surplus of $38.3M with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2017), Carnegie Hall Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +34.9% | -85.1% | -100.0% |
| 2015 | -17.4% | +29.5% | -9.1% |
| 2014 | -30.4% | +2.4% | +8.3% |
| 2013 | +50.1% | -16.8% | +10.1% |
| 2012 | -11.3% | -5.8% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Carnegie Hall Society 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Carnegie Hall Society Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38.3M, with revenue exceeding expenses.
Executive Compensation Analysis
The provided data consistently reports 0% for officer compensation across all listed periods, which is highly unusual for an organization of this size and revenue, suggesting that executive compensation might be reported under different categories or not fully disclosed in this summary data.
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 Carnegie Hall Society Inc's IRS 990 filings:
- Reporting $0 assets in recent filings despite significant historical assets and high revenue.
- Consistent 0% officer compensation reported, which is atypical for an organization of this size.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Carnegie Hall Society Inc:
- Significant revenue generation, with the latest period showing $175,751,651.
- Historical financial stability with substantial assets and liabilities managed over several years (2011-2015).
Frequently Asked Questions about Carnegie Hall Society Inc
Is Carnegie Hall Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carnegie Hall Society Inc (EIN: 136136259) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Carnegie Hall Society Inc spend its money?
Carnegie Hall Society Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carnegie Hall Society Inc tax-deductible?
Carnegie Hall Society Inc is registered as a tax-exempt nonprofit (EIN: 136136259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are assets reported as $0 in the latest and 201706 filings, despite significant assets in prior years?
The provided data shows a stark contrast in asset reporting, from hundreds of millions in earlier filings to zero in more recent ones. This could indicate a change in how assets are held or reported, or a significant transfer of assets, which would require reviewing the full 990 forms for clarification.
What is the breakdown of expenses for the latest period given the substantial revenue increase?
With the latest revenue at $175,751,651, understanding how these funds are being allocated across programs, administration, and fundraising is crucial for assessing efficiency, but this detail is not available in the provided summary.
How is executive compensation handled if it's consistently reported as 0%?
The consistent 0% officer compensation is highly unusual for an organization of this scale. It's possible that compensation is reported under other expense categories, or that the summary data provided does not capture the full picture of executive remuneration.
Filing History
IRS 990 filing history for Carnegie Hall Society Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2017), Carnegie Hall Society Inc's revenue has grown by 3.1%, moving from $50.2M to $51.8M. Total assets decreased by 100% over the same period, from $371.6M to $0. Total functional expenses fell by 84.5%, from $87.1M to $13.5M. In its most recent filing year (2017), Carnegie Hall Society Inc reported a surplus of $38.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $51.8M | $13.5M | $0 | $0 | — | — |
| 2015 | $38.4M | $90.6M | $364.2M | $110.5M | — | View 990 |
| 2014 | $46.5M | $69.9M | $400.8M | $110.5M | — | View 990 |
| 2013 | $66.8M | $68.3M | $370.0M | $110.5M | — | View 990 |
| 2012 | $44.5M | $82.0M | $336.0M | $110.5M | — | View 990 |
| 2011 | $50.2M | $87.1M | $371.6M | $110.5M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $51.8M, expenses of $13.5M, and assets of $0 (revenue +34.9% year-over-year).
- 2015: Revenue of $38.4M, expenses of $90.6M, and assets of $364.2M (revenue -17.4% year-over-year).
- 2014: Revenue of $46.5M, expenses of $69.9M, and assets of $400.8M (revenue -30.4% year-over-year).
- 2013: Revenue of $66.8M, expenses of $68.3M, and assets of $370.0M (revenue +50.1% year-over-year).
- 2012: Revenue of $44.5M, expenses of $82.0M, and assets of $336.0M (revenue -11.3% year-over-year).
- 2011: Revenue of $50.2M, expenses of $87.1M, and assets of $371.6M.
Data Sources and Methodology
This transparency report for Carnegie Hall 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.