New Music Usa Inc
New Music USA Inc. maintains substantial assets despite fluctuating revenues and occasional operating deficits.
EIN: 130432981 · New York, NY · NTEE: A680 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $3.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $18.2M |
| Transparency Score | 70/100 |
Is New Music Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Music Usa Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Music Usa Inc
New Music Usa Inc (EIN: 130432981) is a nonprofit organization based in New York, NY, classified under NTEE code A680. The organization reported total revenue of $3.0M and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Music Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Music Usa Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-1,022,721 |
| Total Assets | $19.7M |
| Total Liabilities | $1.5M |
| Net Assets | $18.2M |
| Operating Margin | -49.1% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 76.1 months |
Financial Health Grade: B
In 2023, New Music Usa Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 76.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Music Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.5% | +7.4% | -1.3% |
| 2022 | +16.2% | +22.8% | -5.4% |
| 2021 | +6.2% | -5.7% | +13.8% |
| 2020 | +137.1% | +3.4% | +2.9% |
| 2019 | -54.4% | -12.8% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1946 |
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 New Music Usa Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New Music Usa Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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: 7.5%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size with nearly $20 million in assets and annual expenses often exceeding $2 million. This either indicates that executive compensation is not reported under 'officer compensation' on the 990, or that leadership is entirely volunteer, which would be exceptional.
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 New Music Usa Inc's IRS 990 filings:
- Recurring operating deficits where expenses exceed revenue (e.g., 2023, 2019, 2017, 2015, 2014).
- Reported 0% officer compensation, which is highly unusual for an organization of this size and suggests a lack of transparency or a unique compensation structure.
Strengths
The following positive indicators were identified for New Music Usa Inc:
- Substantial and stable asset base, consistently above $17 million, providing financial resilience.
- Consistent filing of IRS Form 990s, indicating a commitment to regulatory compliance.
- Mission-aligned NTEE code (A680 - Performing Arts, Music) for its stated purpose.
Frequently Asked Questions about New Music Usa Inc
Is New Music Usa Inc a legitimate charity?
New Music Usa Inc (EIN: 130432981) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Music Usa Inc spend its money?
New Music Usa Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Music Usa Inc tax-deductible?
New Music Usa Inc is registered as a tax-exempt nonprofit (EIN: 130432981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Music Usa Inc CEO make?
New Music Usa Inc's highest-compensated officer earns $20 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Music Usa Inc's spending goes to programs?
New Music Usa Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Music Usa Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), New Music Usa Inc is above average for NTEE category A680 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Music Usa Inc located?
New Music Usa Inc is headquartered in New York, New York and files with the IRS under EIN 130432981. It is classified under NTEE code A680.
How many years of IRS 990 filings does New Music Usa Inc have?
New Music Usa 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 $3.0M in total revenue.
How does New Music USA Inc. cover its expenses when revenue is lower, such as in 2023 ($2,082,267 revenue vs. $3,104,988 expenses)?
The organization likely draws from its substantial asset base, which has consistently been above $17 million, or relies on investment income to cover operational deficits in years where expenses exceed revenue.
What is the true executive compensation structure, given the reported 0% officer compensation?
Further investigation into the detailed compensation schedules within the 990 filings would be necessary to understand how executive leadership is compensated, as 'officer compensation' being 0% is atypical for an organization of this scale.
What is the long-term strategy for addressing the recurring instances of expenses exceeding revenue?
The organization should clarify its financial strategy to ensure long-term sustainability, especially given the pattern of operating deficits in multiple years, such as 2023, 2019, 2017, 2015, and 2014.
Filing History
IRS 990 filing history for New Music Usa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Music Usa Inc's revenue has grown by 13.2%, moving from $1.8M to $2.1M. Total assets increased by 85.3% over the same period, from $10.6M to $19.7M. Total functional expenses rose by 101.7%, from $1.5M to $3.1M. In its most recent filing year (2023), New Music Usa Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $19.7M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $18.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $3.1M | $19.7M | $1.5M | — | — |
| 2022 | $3.8M | $2.9M | $19.9M | $1.4M | — | View 990 |
| 2021 | $3.3M | $2.4M | $21.1M | $1.3M | — | — |
| 2020 | $3.1M | $2.5M | $18.5M | $1.0M | — | View 990 |
| 2019 | $1.3M | $2.4M | $18.0M | $821K | — | View 990 |
| 2018 | $2.9M | $2.8M | $18.6M | $543K | — | View 990 |
| 2017 | $1.2M | $2.3M | $19.7M | $904K | — | View 990 |
| 2016 | $3.4M | $2.7M | $19.3M | $748K | — | View 990 |
| 2015 | $1.8M | $2.5M | $19.6M | $811K | — | View 990 |
| 2014 | $1.3M | $2.7M | $21.1M | $1.1M | — | View 990 |
| 2013 | $3.1M | $2.3M | $20.8M | $703K | — | View 990 |
| 2012 | $1.6M | $2.5M | $19.6M | $978K | — | View 990 |
| 2011 | $1.8M | $1.5M | $10.6M | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $3.1M, and assets of $19.7M (revenue -45.5% year-over-year).
- 2022: Revenue of $3.8M, expenses of $2.9M, and assets of $19.9M (revenue +16.2% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.4M, and assets of $21.1M (revenue +6.2% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.5M, and assets of $18.5M (revenue +137.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.4M, and assets of $18.0M (revenue -54.4% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.8M, and assets of $18.6M (revenue +137.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $2.3M, and assets of $19.7M (revenue -64.4% year-over-year).
- 2016: Revenue of $3.4M, expenses of $2.7M, and assets of $19.3M (revenue +88.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.5M, and assets of $19.6M (revenue +43.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $2.7M, and assets of $21.1M (revenue -60.1% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.3M, and assets of $20.8M (revenue +90.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.5M, and assets of $19.6M (revenue -10.7% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.5M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Music Usa Inc:
Data Sources and Methodology
This transparency report for New Music Usa 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.