Save The Music Foundation
Save The Music Foundation shows strong financial growth and zero reported officer compensation.
EIN: 136089816 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $8.8M |
| Program Spending | 85% |
| Net Assets | $5.0M |
| Transparency Score | 92/100 |
Is Save The Music Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Save The Music Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Save The Music Foundation
Save The Music Foundation (EIN: 136089816) is a nonprofit organization based in New York, NY. The organization reported total revenue of $10.8M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Save The Music Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Save The Music Foundation is a large nonprofit that has been operating for 71 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $8.8M |
| Surplus / Deficit | +$20K |
| Total Assets | $6.4M |
| Total Liabilities | $1.3M |
| Net Assets | $5.0M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, Save The Music Foundation reported a surplus of $20K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Save The Music Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +9.6% | +0.0% |
| 2022 | +0.5% | +54.6% | +23.5% |
| 2021 | +118.4% | +70.0% | +171.0% |
| 2020 | +673.2% | +600.4% | +39.6% |
| 2019 | -87.6% | -88.1% | -24.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Save The Music Foundation with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Save The Music Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other categories, though the former is more likely given the consistent zero reporting.
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 Save The Music Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in summary data (e.g., specific percentages for program, admin, fundraising) makes precise efficiency analysis challenging without full 990 forms.
Strengths
The following positive indicators were identified for Save The Music Foundation:
- Consistent revenue growth, from $3.7M in 2020 to $8.7M in 2023.
- Strong asset growth, from $1.9M in 2020 to $6.3M in 2023.
- Consistent reporting of 0% officer compensation across all filings, indicating high transparency and dedication of funds to mission.
- Revenue consistently exceeds expenses in recent years, demonstrating sound financial management.
- Healthy financial reserves with assets significantly exceeding liabilities.
Frequently Asked Questions about Save The Music Foundation
Is Save The Music Foundation a legitimate charity?
Save The Music Foundation (EIN: 136089816) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $10.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Save The Music Foundation spend its money?
Save The Music Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Save The Music Foundation tax-deductible?
Save The Music Foundation is registered as a tax-exempt nonprofit (EIN: 136089816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Save The Music Foundation's spending goes to programs?
Save The Music Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Save The Music Foundation located?
Save The Music Foundation is headquartered in New York, New York and files with the IRS under EIN 136089816.
How many years of IRS 990 filings does Save The Music Foundation have?
Save The Music Foundation 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 $10.8M in total revenue.
Is Save The Music Foundation a good charity?
Based on the provided financial data, Save The Music Foundation appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a notable commitment to directing funds towards its mission by reporting 0% officer compensation.
How has Save The Music Foundation's revenue changed over time?
Save The Music Foundation has experienced significant revenue growth, particularly from 2020 ($3,757,342) to 2023 ($8,798,203), indicating increasing support and successful fundraising efforts.
What is the trend in the organization's assets?
The organization's assets have grown substantially, from $1,902,699 in 2020 to $6,370,566 in 2023, reflecting a healthy accumulation of resources.
Does Save The Music Foundation pay its officers?
According to the provided IRS 990 data, Save The Music Foundation consistently reports 0% officer compensation across all available filings, suggesting officers are not compensated or their compensation is reported differently.
Filing History
IRS 990 filing history for Save The Music Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Save The Music Foundation's revenue has grown by 168.8%, moving from $3.3M to $8.8M. Total assets increased by 463.5% over the same period, from $1.1M to $6.4M. Total functional expenses rose by 143%, from $3.6M to $8.8M. In its most recent filing year (2023), Save The Music Foundation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $6.4M in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $8.8M | $6.4M | $1.3M | — | — |
| 2022 | $8.2M | $8.0M | $6.4M | $1.4M | — | View 990 |
| 2021 | $8.2M | $5.2M | $5.2M | $388K | — | View 990 |
| 2020 | $3.8M | $3.0M | $1.9M | $157K | — | View 990 |
| 2019 | $486K | $435K | $1.4M | $326K | — | View 990 |
| 2019 | $3.9M | $3.7M | $1.8M | $829K | — | View 990 |
| 2018 | $4.1M | $4.0M | $1.8M | $1.0M | — | View 990 |
| 2017 | $4.0M | $4.2M | $2.5M | $1.9M | — | View 990 |
| 2016 | $3.2M | $2.9M | $2.1M | $1.2M | — | View 990 |
| 2015 | $2.6M | $2.5M | $1.9M | $1.4M | — | View 990 |
| 2014 | $2.9M | $2.7M | $1.4M | $1.1M | — | View 990 |
| 2013 | $2.8M | $2.8M | $1.3M | $1.2M | — | View 990 |
| 2012 | $3.0M | $2.5M | $1.7M | $1.6M | — | View 990 |
| 2011 | $3.3M | $3.6M | $1.1M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $8.8M, and assets of $6.4M (revenue +6.7% year-over-year).
- 2022: Revenue of $8.2M, expenses of $8.0M, and assets of $6.4M (revenue +0.5% year-over-year).
- 2021: Revenue of $8.2M, expenses of $5.2M, and assets of $5.2M (revenue +118.4% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.0M, and assets of $1.9M (revenue +673.2% year-over-year).
- 2019: Revenue of $486K, expenses of $435K, and assets of $1.4M (revenue -87.6% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.7M, and assets of $1.8M (revenue -3.9% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.0M, and assets of $1.8M (revenue +0.6% year-over-year).
- 2017: Revenue of $4.0M, expenses of $4.2M, and assets of $2.5M (revenue +24.5% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.9M, and assets of $2.1M (revenue +22.6% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $1.9M (revenue -9.3% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.7M, and assets of $1.4M (revenue +5.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $1.3M (revenue -9.0% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.5M, and assets of $1.7M (revenue -7.4% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.6M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Save The Music Foundation:
Data Sources and Methodology
This transparency report for Save The Music Foundation 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.