Soundexchange Inc
Only null% goes to programs Strong reserves Growing revenue
Soundexchange Inc is a 501(c)(6) organization based in Washington, District of Columbia, registered in 2004, with $95,229,752 in FY2024 revenue. CharityIndex grades it A.
733 10th Street Nw 10th Floor, Washington, DC, 20001 EIN 76-0742496 Since 2004
Revenue (FY2024)
$95.2M
▼ 4.0% vs prior year
Community median: $184K
Expenses (FY2024)
$87.4M
Net assets
$84.0M
Employees
250
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Soundexchange Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Soundexchange Inc: 12 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Soundexchange Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Soundexchange Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Soundexchange is the premier music tech organization on a mission to power the (see schedule o)
Contact & location
- Address
- 733 10th Street Nw 10th Floor, Washington, DC, 20001
- City
- Washington
- State
- District of Columbia
- Subcategory
- Business & Industry Associations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.8M (FY2013) to $95.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $694.1MNet assets $84.0M
Operating margin
8.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$778.1M
Total liabilities
$694.1M
Net assets
$84.0M
Salaries & benefits
$41.2M
47% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $95,229,752▼4.0% | $87,410,926▲7.4% | $83,994,827▲14.7% | $778,089,857▼5.0% | 990 |
| 2023 | $99,235,665▲24.0% | $81,387,347▲6.1% | $73,244,845▲48.5% | $818,772,709▲7.3% | 990 |
| 2022 | $80,022,837▲16.5% | $76,735,490▲14.1% | $49,317,954▲5.9% | $762,717,143▲3.2% | 990 |
| 2021 | $68,696,516▲10.7% | $67,251,701▲8.6% | $46,584,384▲12.0% | $739,346,856▲2.3% | 990 |
| 2020 | $62,047,984▼7.1% | $61,935,976▼0.7% | $41,599,529▲28.3% | $722,546,752▲3.7% | 990 |
| 2019 | $66,777,189▼2.2% | $62,378,660▲7.9% | $32,424,281▲48.8% | $696,901,194▲2.5% | 990 |
| 2018 | $68,273,280▲7.3% | $57,785,089▲0.1% | $21,791,805▲95.7% | $679,657,161▲20.1% | 990 |
| 2017 | $63,607,709▲12.7% | $57,738,723▲7.6% | $11,135,640▲103% | $566,013,803▲7.1% | 990 |
| 2016 | $56,442,753▲17.9% | $53,636,360▲16.3% | $5,484,529▲89.6% | $528,492,746▲10.1% | 990 |
| 2015 | $47,876,057▲12.8% | $46,125,561▲9.3% | $2,893,019▲174% | $479,947,302▲11.2% | 990 |
| 2014 | $42,457,320▲22.0% | $42,210,138▲22.5% | $1,056,181 | $431,620,766▼1.6% | 990 |
| 2013 | $34,799,129 | $34,451,660▲34.2% | $1,056,181 | $438,678,370▲11.1% | 990 |
| 2012 | — | $25,669,401▲22.0% | $1,056,181 | $394,954,142▲6.9% | 990 |
| 2011 | — | $21,035,202▲0.5% | $1,056,181 | $369,449,828▲20.8% | 990 |
| 2010 | — | $20,921,016 | $1,056,181 | $305,842,704 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael J Huppe — $1,905,327 (2.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael J Huppe | President & Ceo | 40 | $1,905,327 |
| Anjula Singh | Cfo & Coo | 40 | $944,352 |
| Luis F Hector Bonilla | Cto | 40 | $654,641 |
| Timothy A Dadson | General Counsel | 40 | $607,313 |
| Emily A Fulp | Svp, Exec. Office & Commun | 40 | $495,182 |
| Kathleen Strouse | Svp, Operations | 40 | $484,068 |
| Peter Karafotas | Svp, Gov. Rel. & Client Engagement | 40 | $439,257 |
| Paul Gills | Svp, Ops. & Client Engagement | 40 | $415,995 |
| Brieanne E Jackson | Deputy General Counsel | 40 | $411,360 |
| Aaron Harrison | Director | 1 | — |
| Alasdair Mcmullan | Director | 1 | — |
| Darius Van Arman | Director | 1 | — |
| David Byrne | Director | 1 | — |
| Duncan Crabtree-ireland | Director | 1 | — |
| Jay L Cooper | Director | 1 | — |
| Jeff Walker | Director | 1 | — |
| Jessica Goldenberg | Director | 1 | — |
| Jon Glass | Director | 1 | — |
| Laurie Soriano | Director | 1 | — |
| Martha Reeves | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Compass Lexecon | Legal Consulting | $6,712,250 |
| Milbank LLP | Legal Counsel | $5,836,933 |
| Amazon Web Services | Cloud Computing Svc | $3,971,617 |
| Solution Street LLC | It Consulting | $2,758,864 |
| Aaj Interactive Technologies LLC | It Consulting | $2,115,682 |
Grants made · $29K in FY2024
1 grant totaling $29K in FY2024. All grants made by Soundexchange Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Musicares Foundation Inc | Event sponsorship | $29,000 |
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Frequently asked questions
- Is Soundexchange Inc a legitimate nonprofit?
- Yes. Soundexchange Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 76-0742496, based in Washington, District of Columbia.
- What is Soundexchange Inc's EIN?
- Soundexchange Inc's Employer Identification Number (EIN) is 76-0742496.
- How much revenue does Soundexchange Inc report?
- Soundexchange Inc reported $95,229,752 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Soundexchange Inc have?
- CharityIndex grades Soundexchange Inc A, based on financial health (reserves and operating margin).
- How much does Soundexchange Inc's highest-paid employee make?
- The highest reported compensation on Soundexchange Inc's latest Form 990 is $1,905,327, paid to Michael J Huppe (President & Ceo).
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Data for Soundexchange Inc (EIN 76-0742496) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.