New York · Nonprofit
HIPS ROAD INC
HIPS ROAD INC (New York) receives grants from 5 organizations whose IRS filings report $82,107 to it, the largest being JANEY FUND CHARITABLE TRUST ($25,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $1.0M
- Funders on record
- 5
- Grants received
- $82k
- Net assets
- $2.6M
What Hips Road Inc does
Mission
To fund recording artists and composers to promote artistic development and cultural exchanges
As stated on its FY2024 Form 990.
Programs
Tzadik label grant: to provide funds to composers and recording artists to complete their original compositions activities include cover design, mastering and pressing.
$498,355 spent$352,348 earned by the program66% of program spendingArcana/avant label/chase edition/composers grant: to provide funding to composers and recording artists to enable them to complete their compositions
$24,922 spent$14,063 earned by the program3% of program spendingThe stone workshop to maintain and support the performance of experimental and avant-garde music.
$9,000 spent$13,000 earned by the program1% of program spendingOther programs/performances/recording/music publishing/library/film/the emergency medical fund: to support radical approaches to creativity and unflagging devotion to the creative arts. The emergency medical fund program.
$219,294 spent$416,558 earned by the program29% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $751,571.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $1.6M to $2.1M (+27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
7% of HIPS ROAD INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (72% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2023: the base held at 2 funders, grant income fell $33k → $5k.
1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HIPS ROAD INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HIPS ROAD INC leans on a few funders — its largest provides 30% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2019 76% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
HIPS ROAD INC draws 76% of its grant income from funders outside New York, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $107 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HIPS ROAD INC runs a healthier operating margin than three-quarters of the 611 unclassified nonprofits its size.
this organization peer median middle 50% of peers· 611 unclassified nonprofits $1M–$10M, FY2024
Organizations like HIPS ROAD INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for HIPS ROAD INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HIPS ROAD INC?
- HIPS ROAD INC (New York) receives grants from 5 organizations whose IRS filings report $82,107 to it, the largest being JANEY FUND CHARITABLE TRUST ($25,000). 2 of them have funded it in more than one year.
- How many funders does HIPS ROAD INC have?
- IRS filings report 5 organizations giving $82,107 in grants to HIPS ROAD INC, 2 of which have funded it in more than one year.
- Who is the largest funder of HIPS ROAD INC?
- JANEY FUND CHARITABLE TRUST is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
- How can an organization like HIPS ROAD INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Hips Road →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing