Country Music Foundation Inc
222 Rep John Lewis Way S, Nashville, TN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $73,334,385 | $58,168,842 | $147,001,200 |
| FY2023 | $57,143,980 | $43,095,448 | $128,351,417 |
| FY2022 | $56,037,888 | $39,718,258 | $111,743,398 |
| FY2021 | $42,243,182 | $27,909,791 | $93,351,201 |
| FY2020 | $14,152,198 | $26,338,119 | $78,069,417 |
| FY2019 | $43,518,974 | $37,318,076 | $89,894,180 |
| FY2018 | $40,736,347 | $35,727,545 | $82,978,546 |
| FY2017 | $37,129,987 | $31,719,231 | $78,150,093 |
| FY2016 | $37,147,491 | $30,182,660 | $72,345,645 |
| FY2015 | $34,053,530 | $29,191,436 | $65,195,609 |
| FY2014 | $38,720,487 | $26,585,218 | $60,280,715 |
| FY2013 | $27,358,001 | $18,533,164 | $47,375,317 |
| FY2012 | $24,077,880 | $14,953,066 | $37,709,331 |
| FY2011 | $28,992,037 | $13,788,039 | $27,992,518 |
Form 990 filings
The returns filed by Country Music Foundation Inc (EIN 62-0753887), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $15,776,540 | 22% |
| Program service revenue | $48,217,928 | 66% |
| Other revenue | $9,339,917 | 13% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $52,740,970 | 91% |
| Management & general | $3,426,726 | 6% |
| Fundraising | $2,001,146 | 3% |
What the numbers show
- Program service revenue made up 66% of total revenue in FY2024.
- Program services accounted for 91% of functional expenses, management & general 6%, and fundraising 3%.
- 91% of functional expenses went to program services in FY2024. That is higher than 91.3% of 907 Arts, Culture & Humanities organizations nationwide (too few in TN for a state comparison).
- Net assets covered about 30.3 months of expenses at the end of the reporting year. That puts it in the 67th percentile among 546 Arts, Culture & Humanities organizations in TN.
- Total revenue was the highest among 549 Arts, Culture & Humanities organizations in TN.
- Total revenue rose from $28,992,037 in FY2011 to $73,334,385 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2020).
- Net assets grew from $27,992,518 to $147,001,200 between FY2011 and FY2024.
- Contributions and grants made up 57% of revenue in FY2011 and 22% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IDENTIFY & PRESERVE THE EVOLVING HISTORY & TRADITIONS OF COUNTRY MUSIC & TO EDUCATE ITS AUDIENCES.
IRS status
| Ruling year | 1964 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A500 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Country Music Association Inc — Nashville, TN · $78,217,001
- Memphis Brooks Museum of Art Inc — Memphis, TN · $40,031,401
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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