Friends Of The Music Hall
Friends Of The Music Hall shows strong financial growth and zero reported officer compensation over the past decade.
EIN: 20403452 · Portsmouth, NH · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.5M |
| Total Expenses | $9.5M |
| Program Spending | 90% |
| Net Assets | $12.2M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Friends Of The Music Hall Form 990, Revenue, CEO Pay, and IRS Filing Signals
Friends Of The Music Hall is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friends Of The Music Hall in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $11.6M and expenses of $9.5M.
Revenue and Expenses
Friends Of The Music Hall reported $11.6M in revenue and $9.5M in expenses, a surplus of $2.2M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Friends Of The Music Hall Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $8.5M (90%) |
Across stored filings, Friends Of The Music Hall shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Arts & Culture context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Portsmouth, NH nonprofitsArts & Culture in New Hampshire
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Jump into spending, compensation, rankings, and filing-year evidence.
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Next Best Actions
Keep the Investigation Moving
Friends Of The Music Hall directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Music Hall
Friends Of The Music Hall (EIN: 20403452) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code A610. The organization reported total revenue of $15.5M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Music Hall's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Music Hall is a large nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $9.5M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $15.1M |
| Total Liabilities | $2.9M |
| Net Assets | $12.2M |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2024, Friends Of The Music Hall reported a surplus of $2.2M with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Friends Of The Music Hall's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +47.4% | +25.4% | +16.0% |
| 2023 | +30.4% | +62.6% | +16.8% |
| 2022 | +57.1% | +70.1% | +12.3% |
| 2021 | -19.5% | -44.1% | +16.1% |
| 2020 | -21.3% | -16.7% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Friends Of The Music Hall with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Music Hall allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, which is highly unusual for an organization of its size and revenue, suggesting either a fully volunteer leadership or compensation reported under different categories.
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 Friends Of The Music Hall's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual leadership compensation if reported elsewhere or through related entities.
Strengths
The following positive indicators were identified for Friends Of The Music Hall:
- Exceptional revenue growth, nearly tripling from $4.79M in 2020 to $11.65M in 2024.
- Consistent generation of significant financial surpluses, contributing to robust asset growth (e.g., $2.15M surplus in 2024).
- Strong asset base growth, from $8.52M in 2020 to $15.06M in 2024, indicating financial stability and capacity.
- Low liabilities relative to assets, demonstrating a healthy balance sheet (e.g., $2.9M liabilities vs. $15.06M assets in 2024).
- Implied high program efficiency due to 0% reported officer compensation, suggesting resources are directed to mission.
Frequently Asked Questions about Friends Of The Music Hall
Is Friends Of The Music Hall a legitimate charity?
Friends Of The Music Hall (EIN: 20403452) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $15.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Friends Of The Music Hall spend its money?
Friends Of The Music Hall directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Music Hall tax-deductible?
Friends Of The Music Hall is registered as a tax-exempt nonprofit (EIN: 20403452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Music Hall's spending goes to programs?
Friends Of The Music Hall directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Music Hall compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of The Music Hall is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Music Hall located?
Friends Of The Music Hall is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20403452. It is classified under NTEE code A610.
How many years of IRS 990 filings does Friends Of The Music Hall have?
Friends Of The Music Hall 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 $15.5M in total revenue.
How does Friends Of The Music Hall manage to report 0% officer compensation given its significant revenue and asset base?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $11 million. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is reported under different expense categories not explicitly labeled as 'officer compensation' in the provided summary. Further investigation into the full 990 forms would be necessary to understand the compensation structure.
What is the specific breakdown of program, administrative, and fundraising expenses?
While specific percentages are not provided in the summary data, the consistent generation of significant surpluses (e.g., $2,155,908 in 2024) and asset growth suggests a healthy allocation towards programs. The 0% officer compensation implies a very low administrative overhead related to executive salaries, likely allowing a higher proportion of funds to be directed to programs and operational costs.
What are the primary sources of the organization's rapidly growing revenue?
The provided data shows a substantial increase in revenue, from $4,793,914 in 2020 to $11,649,046 in 2024. Given its NTEE code (A610 - Performing Arts Centers), primary revenue sources likely include ticket sales, memberships, donations, grants, and potentially facility rentals. The significant growth suggests successful fundraising campaigns and increasing public engagement.
Filing History
IRS 990 filing history for Friends Of The Music Hall showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friends Of The Music Hall's revenue has grown by 116.8%, moving from $5.4M to $11.6M. Total assets increased by 69% over the same period, from $8.9M to $15.1M. Total functional expenses rose by 163.3%, from $3.6M to $9.5M. In its most recent filing year (2024), Friends Of The Music Hall reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $15.1M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.6M | $9.5M | $15.1M | $2.9M | — | View 990 |
| 2023 | $7.9M | $7.6M | $13.0M | $3.0M | — | View 990 |
| 2022 | $6.1M | $4.7M | $11.1M | $1.5M | — | View 990 |
| 2021 | $3.9M | $2.7M | $9.9M | $1.7M | — | View 990 |
| 2020 | $4.8M | $4.9M | $8.5M | $1.4M | — | View 990 |
| 2019 | $6.1M | $5.9M | $8.1M | $900K | — | View 990 |
| 2018 | $5.5M | $6.1M | $7.9M | $906K | — | View 990 |
| 2017 | $5.4M | $5.5M | $8.4M | $887K | — | View 990 |
| 2016 | $5.7M | $4.9M | $8.8M | $1.1M | — | View 990 |
| 2015 | $4.7M | $4.7M | $8.1M | $1.1M | — | View 990 |
| 2014 | $3.8M | $4.0M | $8.2M | $1.2M | — | View 990 |
| 2013 | $3.7M | $3.8M | $8.2M | $1.1M | — | View 990 |
| 2012 | $4.0M | $3.8M | $8.5M | $1.2M | — | View 990 |
| 2011 | $5.4M | $3.6M | $8.9M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.6M, expenses of $9.5M, and assets of $15.1M (revenue +47.4% year-over-year).
- 2023: Revenue of $7.9M, expenses of $7.6M, and assets of $13.0M (revenue +30.4% year-over-year).
- 2022: Revenue of $6.1M, expenses of $4.7M, and assets of $11.1M (revenue +57.1% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.7M, and assets of $9.9M (revenue -19.5% year-over-year).
- 2020: Revenue of $4.8M, expenses of $4.9M, and assets of $8.5M (revenue -21.3% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.9M, and assets of $8.1M (revenue +11.4% year-over-year).
- 2018: Revenue of $5.5M, expenses of $6.1M, and assets of $7.9M (revenue +1.4% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.5M, and assets of $8.4M (revenue -4.6% year-over-year).
- 2016: Revenue of $5.7M, expenses of $4.9M, and assets of $8.8M (revenue +20.3% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.7M, and assets of $8.1M (revenue +22.6% year-over-year).
- 2014: Revenue of $3.8M, expenses of $4.0M, and assets of $8.2M (revenue +4.6% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.8M, and assets of $8.2M (revenue -9.3% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.8M, and assets of $8.5M (revenue -24.8% year-over-year).
- 2011: Revenue of $5.4M, expenses of $3.6M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Music Hall:
Data Sources and Methodology
This transparency report for Friends Of The Music Hall 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.