The Carnegie Hall Corporation
Carnegie Hall Corporation consistently operates with expenses exceeding revenue, relying on substantial assets to fund its programs.
EIN: 131923626 · New York, NY · NTEE: A610 · Updated: 2026-03-28
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The Carnegie Hall Corporation is mapped to EIN 131923626.
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| Metric | Value |
|---|---|
| Total Revenue | $259.2M |
| Total Expenses | $110.6M |
| Program Spending | 80% |
| Net Assets | $465.8M |
| Transparency Score | 75/100 |
Search Intent Cockpit
The Carnegie Hall Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Carnegie Hall Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Carnegie Hall Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $72.8M and expenses of $110.6M.
Revenue and Expenses
The Carnegie Hall Corporation reported $72.8M in revenue and $110.6M in expenses, a deficit of $37.7M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is The Carnegie Hall Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $88.5M (80%) |
Across stored filings, The Carnegie Hall Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
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The Carnegie Hall Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Carnegie Hall Corporation
The Carnegie Hall Corporation (EIN: 131923626) is a nonprofit organization based in New York, NY, classified under NTEE code A610. The organization reported total revenue of $259.2M and total assets of $629.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Carnegie Hall Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Carnegie Hall Corporation is a major nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72.8M |
| Total Expenses | $110.6M |
| Surplus / Deficit | $-37,742,791 |
| Total Assets | $618.7M |
| Total Liabilities | $152.9M |
| Net Assets | $465.8M |
| Operating Margin | -51.8% |
| Debt-to-Asset Ratio | 24.7% |
| Months of Reserves | 67.1 months |
Financial Health Grade: B
In 2023, The Carnegie Hall Corporation reported a deficit of $37.7M with expenses exceeding revenue, holds 67.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Carnegie Hall Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.5% | +10.0% | -1.0% |
| 2022 | +63.5% | +51.2% | -13.0% |
| 2021 | -18.2% | -31.7% | +9.6% |
| 2020 | -22.4% | -10.0% | -0.4% |
| 2019 | -15.7% | +3.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1962 |
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 The Carnegie Hall Corporation with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, The Carnegie Hall Corporation 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 $37.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.7%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings is highly unusual for an organization with annual revenues exceeding tens of millions and assets in the hundreds of millions. This suggests that executive compensation is either not reported in the standard 'officer compensation' line item on the 990, or is paid through a related entity, making it difficult to assess relative to the organization's size and mission.
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 The Carnegie Hall Corporation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $110.5M expenses vs. $72.8M revenue in 2023.
- Unusual reporting of 0% officer compensation across all filings, hindering executive compensation transparency.
Strengths
The following positive indicators were identified for The Carnegie Hall Corporation:
- Substantial and stable asset base ($618.7M in 2023) providing financial resilience.
- Significant revenue generation, with latest reported revenue at $259.2M (though this is 'latest' and not tied to a specific period in the filing history provided, the individual filing revenues are still substantial).
- Long history of operations with 13 filings, indicating established presence and experience.
Frequently Asked Questions about The Carnegie Hall Corporation
Is The Carnegie Hall Corporation a legitimate charity?
The Carnegie Hall Corporation (EIN: 131923626) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $259.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Carnegie Hall Corporation spend its money?
The Carnegie Hall Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Carnegie Hall Corporation tax-deductible?
The Carnegie Hall Corporation is registered as a tax-exempt nonprofit (EIN: 131923626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Carnegie Hall Corporation's spending goes to programs?
The Carnegie Hall Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Carnegie Hall Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Carnegie Hall Corporation is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Carnegie Hall Corporation located?
The Carnegie Hall Corporation is headquartered in New York, New York and files with the IRS under EIN 131923626. It is classified under NTEE code A610.
How many years of IRS 990 filings does The Carnegie Hall Corporation have?
The Carnegie Hall Corporation 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 $259.2M in total revenue.
How does Carnegie Hall cover its operational deficits when expenses consistently exceed revenue?
The organization likely covers these deficits by drawing from its substantial asset base, which was $618.7M in 2023, or through investment income and endowment distributions not fully captured in the 'revenue' line item provided.
Why is officer compensation consistently reported as 0%?
This is an anomaly for an organization of this scale. It's possible that executive compensation is reported under different expense categories (e.g., salaries and wages for all employees) or paid by a related supporting organization, which would require reviewing additional schedules or related entity filings for full transparency.
What is the long-term strategy for financial sustainability given the recurring operational deficits?
While not explicitly stated in the provided data, a large cultural institution like Carnegie Hall typically relies on a robust endowment, major fundraising campaigns, and strategic investment management to ensure long-term viability despite year-to-year operational deficits.
Filing History
IRS 990 filing history for The Carnegie Hall Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Carnegie Hall Corporation's revenue has declined by 31.1%, moving from $105.7M to $72.8M. Total assets increased by 216.4% over the same period, from $195.5M to $618.7M. Total functional expenses rose by 72.2%, from $64.2M to $110.6M. In its most recent filing year (2023), The Carnegie Hall Corporation reported a deficit of $37.7M, with expenses exceeding revenue. The organization holds $152.9M in liabilities against $618.7M in assets (debt-to-asset ratio: 24.7%), resulting in net assets of $465.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72.8M | $110.6M | $618.7M | $152.9M | — | View 990 |
| 2022 | $90.5M | $100.6M | $624.7M | $159.6M | — | View 990 |
| 2021 | $55.3M | $66.5M | $718.1M | $185.4M | — | View 990 |
| 2020 | $67.7M | $97.4M | $655.4M | $197.6M | — | View 990 |
| 2019 | $87.2M | $108.3M | $658.0M | $160.8M | — | View 990 |
| 2018 | $103.4M | $105.1M | $676.7M | $157.6M | — | View 990 |
| 2017 | $37.0M | $92.5M | $669.8M | $162.3M | — | View 990 |
| 2016 | $80.2M | $94.1M | $294.8M | $60.7M | — | View 990 |
| 2015 | $113.6M | $84.1M | $311.3M | $59.3M | — | View 990 |
| 2014 | $91.1M | $77.1M | $310.0M | $84.3M | — | View 990 |
| 2013 | $86.5M | $71.5M | $267.0M | $54.1M | — | View 990 |
| 2012 | $100.4M | $66.9M | $228.7M | $33.7M | — | View 990 |
| 2011 | $105.7M | $64.2M | $195.5M | $28.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72.8M, expenses of $110.6M, and assets of $618.7M (revenue -19.5% year-over-year).
- 2022: Revenue of $90.5M, expenses of $100.6M, and assets of $624.7M (revenue +63.5% year-over-year).
- 2021: Revenue of $55.3M, expenses of $66.5M, and assets of $718.1M (revenue -18.2% year-over-year).
- 2020: Revenue of $67.7M, expenses of $97.4M, and assets of $655.4M (revenue -22.4% year-over-year).
- 2019: Revenue of $87.2M, expenses of $108.3M, and assets of $658.0M (revenue -15.7% year-over-year).
- 2018: Revenue of $103.4M, expenses of $105.1M, and assets of $676.7M (revenue +179.8% year-over-year).
- 2017: Revenue of $37.0M, expenses of $92.5M, and assets of $669.8M (revenue -53.9% year-over-year).
- 2016: Revenue of $80.2M, expenses of $94.1M, and assets of $294.8M (revenue -29.5% year-over-year).
- 2015: Revenue of $113.6M, expenses of $84.1M, and assets of $311.3M (revenue +24.8% year-over-year).
- 2014: Revenue of $91.1M, expenses of $77.1M, and assets of $310.0M (revenue +5.2% year-over-year).
- 2013: Revenue of $86.5M, expenses of $71.5M, and assets of $267.0M (revenue -13.8% year-over-year).
- 2012: Revenue of $100.4M, expenses of $66.9M, and assets of $228.7M (revenue -5.0% year-over-year).
- 2011: Revenue of $105.7M, expenses of $64.2M, and assets of $195.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Carnegie Hall Corporation:
Data Sources and Methodology
This transparency report for The Carnegie Hall Corporation 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.