Society For Music Theory Inc
Society For Music Theory Inc consistently grows assets with no officer compensation.
EIN: 133013019 · Bloomington, IN · NTEE: A68Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $158K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $902K |
| Transparency Score | 92/100 |
Is Society For Music Theory Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society For Music Theory Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society For Music Theory Inc
Society For Music Theory Inc (EIN: 133013019) is a nonprofit organization based in Bloomington, IN, classified under NTEE code A68Z. The organization reported total revenue of $248K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Music Theory Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Music Theory Inc is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $180K |
| Total Expenses | $158K |
| Surplus / Deficit | +$21K |
| Total Assets | $902K |
| Total Liabilities | $254 |
| Net Assets | $902K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 68.4 months |
Financial Health Grade: A
In 2023, Society For Music Theory Inc reported a surplus of $21K with revenue exceeding expenses, holds 68.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Society For Music Theory Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +0.4% | +15.1% |
| 2022 | -32.4% | -5.2% | -17.3% |
| 2021 | +23.2% | +8.3% | +20.2% |
| 2020 | -18.1% | -24.4% | +17.8% |
| 2019 | +74.0% | +65.1% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1980 |
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 Society For Music Theory Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Society For Music Theory Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly unusual for an organization with over $200,000 in annual revenue and over $1 million in assets.
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 Society For Music Theory Inc's IRS 990 filings:
- Lack of detailed expense breakdown in public filings makes precise program/admin/fundraising allocation an estimate.
Strengths
The following positive indicators were identified for Society For Music Theory Inc:
- Consistent positive net income, contributing to asset growth.
- Strong and growing asset base, reaching $1,049,221 in latest revenue period.
- 0% officer compensation, indicating volunteer leadership and high efficiency.
- Low liabilities across all reported periods, demonstrating financial prudence.
- Long history of consistent IRS 990 filings, indicating transparency.
Frequently Asked Questions about Society For Music Theory Inc
Is Society For Music Theory Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Society For Music Theory Inc (EIN: 133013019) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Society For Music Theory Inc spend its money?
Society For Music Theory Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Society For Music Theory Inc tax-deductible?
Society For Music Theory Inc is registered as a tax-exempt nonprofit (EIN: 133013019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Society For Music Theory Inc CEO make?
Society For Music Theory Inc's highest-compensated officer earns $200,000 annually. The organization reported $248K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Society For Music Theory Inc's spending goes to programs?
Society For Music Theory Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Society For Music Theory Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Society For Music Theory Inc is above average for NTEE category A68Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Society For Music Theory Inc located?
Society For Music Theory Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 133013019. It is classified under NTEE code A68Z.
How many years of IRS 990 filings does Society For Music Theory Inc have?
Society For Music Theory 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 $248K in total revenue.
Is Society For Music Theory Inc a good charity?
Based on its financial data, the Society For Music Theory Inc appears to be a very good charity. It consistently operates with a surplus, has a growing asset base, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies heavily on volunteer leadership or that any compensation for leadership roles is categorized differently, though the filings explicitly state 0%.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health, with assets growing from $359,739 in 2014 to $902,478 in 2023, and consistent positive net income each year.
Filing History
IRS 990 filing history for Society For Music Theory Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society For Music Theory Inc's revenue has grown by 3.7%, moving from $173K to $180K. Total assets increased by 282% over the same period, from $236K to $902K. Total functional expenses rose by 43.5%, from $110K to $158K. In its most recent filing year (2023), Society For Music Theory Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $254 in liabilities against $902K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $902K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $180K | $158K | $902K | $254 | — | — |
| 2022 | $160K | $158K | $784K | $109 | — | View 990 |
| 2021 | $236K | $166K | $948K | $208 | — | View 990 |
| 2020 | $192K | $154K | $789K | $6K | — | View 990 |
| 2019 | $234K | $203K | $670K | $2K | — | View 990 |
| 2018 | $134K | $123K | $549K | $709 | — | View 990 |
| 2017 | $241K | $200K | $568K | $50 | — | — |
| 2016 | $127K | $110K | $474K | $30 | — | View 990 |
| 2015 | $229K | $153K | $431K | $46 | — | View 990 |
| 2014 | $104K | $101K | $360K | $337 | — | View 990 |
| 2013 | $224K | $128K | $347K | $3K | — | View 990 |
| 2012 | $89K | $88K | $238K | $300 | — | View 990 |
| 2011 | $173K | $110K | $236K | $288 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $180K, expenses of $158K, and assets of $902K (revenue +12.5% year-over-year).
- 2022: Revenue of $160K, expenses of $158K, and assets of $784K (revenue -32.4% year-over-year).
- 2021: Revenue of $236K, expenses of $166K, and assets of $948K (revenue +23.2% year-over-year).
- 2020: Revenue of $192K, expenses of $154K, and assets of $789K (revenue -18.1% year-over-year).
- 2019: Revenue of $234K, expenses of $203K, and assets of $670K (revenue +74.0% year-over-year).
- 2018: Revenue of $134K, expenses of $123K, and assets of $549K (revenue -44.3% year-over-year).
- 2017: Revenue of $241K, expenses of $200K, and assets of $568K (revenue +90.5% year-over-year).
- 2016: Revenue of $127K, expenses of $110K, and assets of $474K (revenue -44.8% year-over-year).
- 2015: Revenue of $229K, expenses of $153K, and assets of $431K (revenue +121.3% year-over-year).
- 2014: Revenue of $104K, expenses of $101K, and assets of $360K (revenue -53.7% year-over-year).
- 2013: Revenue of $224K, expenses of $128K, and assets of $347K (revenue +151.5% year-over-year).
- 2012: Revenue of $89K, expenses of $88K, and assets of $238K (revenue -48.7% year-over-year).
- 2011: Revenue of $173K, expenses of $110K, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Music Theory Inc:
Data Sources and Methodology
This transparency report for Society For Music Theory 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.