Kurt Weill Foundation For Music
Kurt Weill Foundation For Music maintains strong assets despite recent operational deficits.
EIN: 136139518 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.9M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $37 |
| Net Assets | $37.5M |
| Transparency Score | 85/100 |
Is Kurt Weill Foundation For Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kurt Weill Foundation For Music directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kurt Weill Foundation For Music
Kurt Weill Foundation For Music (EIN: 136139518) is a nonprofit organization based in New York, NY. The organization reported total revenue of $15.9M and total assets of $42.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kurt Weill Foundation For Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kurt Weill Foundation For Music is a large nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-1,042,028 |
| Total Assets | $37.7M |
| Total Liabilities | $168K |
| Net Assets | $37.5M |
| Operating Margin | -38.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 120.5 months |
Financial Health Grade: B
In 2023, Kurt Weill Foundation For Music reported a deficit of $1.0M with expenses exceeding revenue, holds 120.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kurt Weill Foundation For Music's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.2% | +86.8% | +5.3% |
| 2022 | -48.0% | +8.5% | -17.6% |
| 2021 | +57.1% | +12.7% | +8.6% |
| 2020 | -21.1% | -8.3% | +7.5% |
| 2019 | -12.5% | +7.8% | +26.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
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 Kurt Weill Foundation For Music 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, Kurt Weill Foundation For Music 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with assets exceeding $37 million.
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 Kurt Weill Foundation For Music's IRS 990 filings:
- Recent operational deficits in 2022 and 2023 where expenses exceeded revenue.
- Consistent 0% officer compensation reported, which is unusual for an organization of this asset size and could indicate compensation is reported elsewhere or through a related entity, potentially impacting transparency.
Strengths
The following positive indicators were identified for Kurt Weill Foundation For Music:
- Strong and growing asset base, reaching $37,654,383 in 202312, indicating long-term financial health.
- Very low liabilities relative to assets, suggesting minimal financial risk.
- Consistent financial reporting over a decade, demonstrating transparency in its filings.
Frequently Asked Questions about Kurt Weill Foundation For Music
Is Kurt Weill Foundation For Music a legitimate charity?
Kurt Weill Foundation For Music (EIN: 136139518) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $15.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Kurt Weill Foundation For Music spend its money?
Kurt Weill Foundation For Music directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kurt Weill Foundation For Music tax-deductible?
Kurt Weill Foundation For Music is registered as a tax-exempt nonprofit (EIN: 136139518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kurt Weill Foundation For Music CEO make?
Kurt Weill Foundation For Music's highest-compensated officer earns $37 annually. The organization reported $15.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kurt Weill Foundation For Music's spending goes to programs?
Kurt Weill Foundation For Music directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kurt Weill Foundation For Music located?
Kurt Weill Foundation For Music is headquartered in New York, New York and files with the IRS under EIN 136139518.
How many years of IRS 990 filings does Kurt Weill Foundation For Music have?
Kurt Weill Foundation For Music has 10 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 $15.9M in total revenue.
Is the Kurt Weill Foundation For Music financially stable?
Yes, the foundation is financially stable, primarily due to its substantial assets of $37,654,383 in 202312, which provide a strong financial cushion despite recent operational deficits.
Why is officer compensation reported as 0%?
The filings consistently show 0% officer compensation, which could mean that officers are compensated by a related entity, are volunteers, or that their compensation is reported under other expense categories, though the latter is less transparent.
What caused the recent deficits in 2022 and 2023?
In 202312, expenses ($3,748,305) exceeded revenue ($2,706,277), and similarly in 202212, expenses ($2,006,272) exceeded revenue ($1,372,351). The specific causes are not detailed in the provided summary but warrant further investigation into program spending or investment performance.
Filing History
IRS 990 filing history for Kurt Weill Foundation For Music showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kurt Weill Foundation For Music's revenue has declined by 1%, moving from $2.7M to $2.7M. Total assets increased by 71.6% over the same period, from $21.9M to $37.7M. Total functional expenses rose by 211.4%, from $1.2M to $3.7M. In its most recent filing year (2023), Kurt Weill Foundation For Music reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $168K in liabilities against $37.7M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $37.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.7M | $37.7M | $168K | — | — |
| 2022 | $1.4M | $2.0M | $35.7M | $125K | — | View 990 |
| 2021 | $2.6M | $1.8M | $43.4M | $446K | — | View 990 |
| 2020 | $1.7M | $1.6M | $40.0M | $435K | — | — |
| 2019 | $2.1M | $1.8M | $37.2M | $276K | — | View 990 |
| 2015 | $2.4M | $1.7M | $29.4M | $109K | — | View 990 |
| 2014 | $3.5M | $1.6M | $30.2M | $135K | — | View 990 |
| 2013 | $3.0M | $1.4M | $28.9M | $83K | — | View 990 |
| 2012 | $1.8M | $1.3M | $24.9M | $64K | — | View 990 |
| 2011 | $2.7M | $1.2M | $21.9M | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.7M, and assets of $37.7M (revenue +97.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.0M, and assets of $35.7M (revenue -48.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.8M, and assets of $43.4M (revenue +57.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $40.0M (revenue -21.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.8M, and assets of $37.2M (revenue -12.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.7M, and assets of $29.4M (revenue -29.8% year-over-year).
- 2014: Revenue of $3.5M, expenses of $1.6M, and assets of $30.2M (revenue +14.3% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.4M, and assets of $28.9M (revenue +68.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.3M, and assets of $24.9M (revenue -33.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $1.2M, and assets of $21.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kurt Weill Foundation For Music:
Data Sources and Methodology
This transparency report for Kurt Weill Foundation For Music 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.