Record Industry Association Of America Inc
RIAA consistently operates near break-even with growing assets and liabilities, reporting no officer compensation.
EIN: 131669037 · Washington, DC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.2M |
| Total Expenses | $36.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $6.4M |
| Transparency Score | 65/100 |
Is Record Industry Association Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Record Industry Association Of America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Record Industry Association Of America Inc
Record Industry Association Of America Inc (EIN: 131669037) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $37.2M and total assets of $28.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Record Industry Association Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Record Industry Association Of America Inc is a large nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36.8M |
| Total Expenses | $36.9M |
| Surplus / Deficit | $-83,175 |
| Total Assets | $27.8M |
| Total Liabilities | $21.4M |
| Net Assets | $6.4M |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 76.9% |
| Months of Reserves | 9.1 months |
Financial Health Grade: C
In 2023, Record Industry Association Of America Inc reported a deficit of $83K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 76.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Record Industry Association Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +12.7% | +0.2% |
| 2022 | +22.2% | +18.0% | -13.5% |
| 2021 | -5.0% | +1.2% | +6.7% |
| 2020 | -8.2% | -9.9% | +94.9% |
| 2019 | +3.2% | +3.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1953 |
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 Record Industry Association Of America 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, Record Industry Association Of America Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is highly unusual for an organization with annual revenues exceeding $30 million. This could indicate that executive compensation is paid through a related entity, or that the individuals are compensated in a manner not captured under 'officer compensation' on the 990, warranting further investigation for complete transparency.
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 Record Industry Association Of America Inc's IRS 990 filings:
- Consistent 0% officer compensation reported despite large revenue, raising questions about executive compensation transparency.
- High and growing liabilities relative to assets (e.g., $21.4M liabilities vs. $27.8M assets in 202303), warranting further investigation into their nature.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.
Strengths
The following positive indicators were identified for Record Industry Association Of America Inc:
- Consistent revenue generation, closely matching expenses, indicating financial stability in operations.
- Significant growth in assets over the past decade, from $13.1M in 201403 to $28.1M in 202303.
- Maintains a near break-even operation, suggesting effective management of annual expenditures against income.
Frequently Asked Questions about Record Industry Association Of America Inc
Is Record Industry Association Of America Inc a legitimate charity?
Record Industry Association Of America Inc (EIN: 131669037) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $37.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Record Industry Association Of America Inc spend its money?
Record Industry Association Of America Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Record Industry Association Of America Inc tax-deductible?
Record Industry Association Of America Inc is registered as a tax-exempt nonprofit (EIN: 131669037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Record Industry Association Of America Inc CEO make?
Record Industry Association Of America Inc's highest-compensated officer earns $30 annually. The organization reported $37.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Record Industry Association Of America Inc's spending goes to programs?
Record Industry Association Of America Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Record Industry Association Of America Inc located?
Record Industry Association Of America Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 131669037.
How many years of IRS 990 filings does Record Industry Association Of America Inc have?
Record Industry Association Of America 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 $37.2M in total revenue.
How does RIAA manage to report 0% officer compensation despite its significant revenue and operations?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues in the tens of millions is highly unusual. It suggests that compensation for key executives might be structured in a way that isn't captured in this specific field on the 990, potentially through related organizations or as contractor fees, which would require deeper scrutiny of their financial statements.
What is the nature of the RIAA's significant and growing liabilities?
The RIAA's liabilities have grown substantially, from $6,904,871 in 201403 to $21,416,293 in 202303. Understanding the specific nature of these liabilities (e.g., deferred revenue, payables, debt) is crucial for a complete financial health assessment, as they represent obligations that could impact future financial flexibility.
What is the detailed breakdown of RIAA's program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses. Without this information, it's challenging to accurately assess the organization's spending efficiency and how much of its budget directly supports its core mission versus overhead.
Filing History
IRS 990 filing history for Record Industry Association Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Record Industry Association Of America Inc's revenue has grown by 27.1%, moving from $29.0M to $36.8M. Total assets increased by 47.5% over the same period, from $18.9M to $27.8M. Total functional expenses rose by 34.2%, from $27.5M to $36.9M. In its most recent filing year (2023), Record Industry Association Of America Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $21.4M in liabilities against $27.8M in assets (debt-to-asset ratio: 76.9%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36.8M | $36.9M | $27.8M | $21.4M | — | View 990 |
| 2022 | $32.6M | $32.7M | $27.8M | $21.3M | — | View 990 |
| 2021 | $26.7M | $27.7M | $32.1M | $25.5M | — | — |
| 2020 | $28.1M | $27.4M | $30.1M | $22.5M | — | — |
| 2019 | $30.7M | $30.4M | $15.4M | $8.5M | — | View 990 |
| 2018 | $29.7M | $29.3M | $15.9M | $9.2M | — | View 990 |
| 2017 | $26.7M | $26.5M | $16.1M | $9.8M | — | View 990 |
| 2016 | $26.3M | $26.3M | $14.6M | $8.6M | — | View 990 |
| 2015 | $25.4M | $25.6M | $13.8M | $7.8M | — | View 990 |
| 2014 | $24.2M | $24.5M | $13.2M | $6.9M | — | View 990 |
| 2013 | $24.6M | $24.8M | $14.2M | $7.3M | — | View 990 |
| 2012 | $24.7M | $24.9M | $17.0M | $10.1M | — | View 990 |
| 2011 | $29.0M | $27.5M | $18.9M | $11.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36.8M, expenses of $36.9M, and assets of $27.8M (revenue +12.8% year-over-year).
- 2022: Revenue of $32.6M, expenses of $32.7M, and assets of $27.8M (revenue +22.2% year-over-year).
- 2021: Revenue of $26.7M, expenses of $27.7M, and assets of $32.1M (revenue -5.0% year-over-year).
- 2020: Revenue of $28.1M, expenses of $27.4M, and assets of $30.1M (revenue -8.2% year-over-year).
- 2019: Revenue of $30.7M, expenses of $30.4M, and assets of $15.4M (revenue +3.2% year-over-year).
- 2018: Revenue of $29.7M, expenses of $29.3M, and assets of $15.9M (revenue +11.1% year-over-year).
- 2017: Revenue of $26.7M, expenses of $26.5M, and assets of $16.1M (revenue +1.5% year-over-year).
- 2016: Revenue of $26.3M, expenses of $26.3M, and assets of $14.6M (revenue +3.7% year-over-year).
- 2015: Revenue of $25.4M, expenses of $25.6M, and assets of $13.8M (revenue +5.1% year-over-year).
- 2014: Revenue of $24.2M, expenses of $24.5M, and assets of $13.2M (revenue -1.7% year-over-year).
- 2013: Revenue of $24.6M, expenses of $24.8M, and assets of $14.2M (revenue -0.4% year-over-year).
- 2012: Revenue of $24.7M, expenses of $24.9M, and assets of $17.0M (revenue -14.8% year-over-year).
- 2011: Revenue of $29.0M, expenses of $27.5M, and assets of $18.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Record Industry Association Of America Inc:
Data Sources and Methodology
This transparency report for Record Industry Association Of America 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.