Musical Instrument Museum: $15.4M Revenue, $14.4M Program Expenses
Phoenix, Arizona · EIN 161743588 · Filing year 2015
Musical Instrument Museum reported $15.4M in total revenue, $18.5M in total expenses, and $117.7M in total assets on its 2015 IRS Form 990. 78.0% of expenses ($14.4M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2015.
Key Facts (2015 Form 990)
- Total Revenue
- $15.4M
- Total Expenses
- $18.5M
- Program Expenses
- $14.4M
- Program Expense Ratio
- 78.0%
- Total Assets
- $117.7M
- Reserve Months
- 76.4 months
- EIN
- 161743588
- Latest 990 Year
- 2015
- Top Officer Compensation
- Not reported
Musical Instrument Museum earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.
At $15.4M in 2015 revenue, Musical Instrument Museum sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Musical Instrument Museum directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Musical Instrument Museum's 2015 revenue is materially below its earlier filings. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Musical Instrument Museum sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Musical Instrument Museum Compares
Musical Instrument Museum directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 6 points below the Arts, Culture & Humanities category average. The organization holds 76.4 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Musical Instrument Museum, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Musical Instrument Museum has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Musical Instrument Museum, Donor FAQ
Musical Instrument Museum has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Musical Instrument Museum is not reported in the most recent IRS 990 filing on file.
Musical Instrument Museum reported $15.4M in annual revenue and $18.5M in total expenses for filing year 2015. The organization holds $117.7M in total assets.
For every dollar donated to Musical Instrument Museum, approximately 78.0 cents goes to program activities. The organization has 76.4 months of operating reserves, providing financial stability to sustain its mission.
Musical Instrument Museum is a registered 501(c) organization with EIN 161743588, based in Phoenix, Arizona. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.