The Musical Arts Association: $76.8M Revenue, $66.6M Expenses
Cleveland, Ohio · EIN 340714468 · Filing year 2023
The Musical Arts Association reported $76.8M in total revenue, $66.6M in total expenses, and $362.3M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.4M (1.82% of revenue). NonprofitTruth efficiency grade: C (55/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $76.8M
- Total Expenses
- $66.6M
- Total Assets
- $362.3M
- Reserve Months
- 65.3 months
- Surplus / (Deficit)
- $10.3M
- EIN
- 340714468
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $1.4M
- Officer Comp % of Revenue
- 1.82%
The Musical Arts Association earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 55/100.
The Musical Arts Association reported $76.8M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, The Musical Arts Association runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. The Musical Arts Association reported $76.8M in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: The Musical Arts Association reports $1.4M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $76.8M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. The Musical Arts Association 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 The Musical Arts Association Compares
The Musical Arts Association earns a NonprofitTruth efficiency grade of C (55/100). That is 1 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 1.82% of total revenue. The organization holds 65.3 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, The Musical Arts Association reported $76.8M in revenue against $66.6M in total functional expenses for filing year 2023, holding roughly 65.3 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.
The 990 reports $1.4M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.82% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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The Musical Arts Association has a NonprofitTruth Efficiency Score of C (55/100), 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.
The Musical Arts Association, Donor FAQ
The Musical Arts Association has a NonprofitTruth Efficiency Score of C (55/100), 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.
The Musical Arts Association reports $1.4M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.82% of the organization's $76.8M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
The Musical Arts Association reported $76.8M in annual revenue and $66.6M in total expenses for filing year 2023. The organization holds $362.3M in total assets.
The Musical Arts Association holds approximately 65.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
The Musical Arts Association is a registered 501(c) organization with EIN 340714468, based in Cleveland, Ohio. 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.