Musical Instrument Museum: $15.4M Revenue, $18.5M 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. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: D (35/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2015.
Key Facts (2015 Form 990)
- Total Revenue
- $15.4M
- Total Expenses
- $18.5M
- Total Assets
- $117.7M
- Reserve Months
- 76.4 months
- Surplus / (Deficit)
- $-3,043,037
- EIN
- 161743588
- Latest 990 Year
- 2015
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
Musical Instrument Museum pulls a D on the efficiency rubric. The composite of 35/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.
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. On the financial-health factor, Musical Instrument Museum runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
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. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership 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 earns a NonprofitTruth efficiency grade of D (35/100). That is 21 points below the Arts, Culture & Humanities category average. The organization holds 76.4 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Musical Instrument Museum reported $15.4M in revenue against $18.5M in total functional expenses for filing year 2015, holding roughly 76.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
Revenue History
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Musical Instrument Museum has a NonprofitTruth Efficiency Score of D (35/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Musical Instrument Museum, Donor FAQ
Musical Instrument Museum has a NonprofitTruth Efficiency Score of D (35/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Current-officer compensation for Musical Instrument Museum is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
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.
Musical Instrument Museum holds approximately 76.4 months of operating reserves (total assets relative to annual expenses) based on its 2015 IRS Form 990, one input into its D efficiency grade.
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.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.