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Washington, D.C. · Nonprofit

SOUNDEXCHANGE INC

SOUNDEXCHANGE INC (Washington, D.C.) receives grants from 1 organization whose IRS filings report $8,165,000 to it, the largest being CORPORATION FOR PUBLIC BROADCASTING ($8,165,000). 1 of them have funded it in more than one year.

Revenue FY2024
$95M
Funders on record
1
Grants received
$8.2M
Net assets
$84M
1/1 repeat funderspeak grant-dependency 1%
01What it does

What Soundexchange Inc does

Mission

Soundexchange is the premier music tech organization on a mission to power the (see schedule o)

As stated on its FY2024 Form 990.

Program

  1. Soundexchange provides a full suite of innovative technology solutions for the entire music industry, serving labels, artists, producers, and publishers. Independently formed in 2003 to build a fairer, simpler, and more efficient music industry, soundexchange collects and distributes digital performance royalties on behalf of more than 677,000 recording artists and sound recording rights owners and growing. Through proprietary music tech solutions, soundexchange transforms billions of lines of music streaming data into accurate and timely revenue, with 90% of royalties paid out within 45 days of receipt. Soundexchange has paid out more than $10 billion in royalties since its inception.

The program described on its FY2023 Form 990.

02The organization over time

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.

100 = 20172017 Revenue 100 ($64M) Expenses 100 ($58M) Net assets 100 ($11M)2018 Revenue 107 ($68M) Expenses 100 ($58M) Net assets 196 ($22M)2019 Revenue 105 ($67M) Expenses 108 ($62M) Net assets 291 ($32M)2020 Revenue 98 ($62M) Expenses 107 ($62M) Net assets 374 ($42M)2021 Revenue 108 ($69M) Expenses 116 ($67M) Net assets 418 ($47M)2022 Revenue 126 ($80M) Expenses 133 ($77M) Net assets 443 ($49M)2023 Revenue 156 ($99M) Expenses 141 ($81M) Net assets 658 ($73M)2024 Revenue 150 ($95M) Expenses 151 ($87M) Net assets 754 ($84M)
'17'18'19'20'21'22'23'24
Revenue (150)Expenses (151)Net assets (754)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $566M to $680M (+20%).

$566M
$680M
$697M
$723M
$739M
$763M
$819M
$778M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of SOUNDEXCHANGE INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).

This organization
Typical peer · 696 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$5.9M
’17
$10M
’18
$4.4M
’19
$112k
’20
$1.4M
’21
$3.3M
’22
$18M
’23
$7.8M
’24
12
months of
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.

Chief executive

Michael J Huppe

President & CEO

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed2828282828292726
Joined·+1+6+4+2+6+2+4
No longer listed·1642545
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income rose $560k → $800k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
'25*
'26*
total
funders
1
1
1
1
1
1
1
1
1
1

From the IRS filings of SOUNDEXCHANGE 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.

Where its funders are

100% of SOUNDEXCHANGE INC's grant income comes from Washington, D.C. funders.

DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Washington, D.C. out of state home

Funder states come from each funder’s own filing. 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.

04Its place in the field

Against its field

SOUNDEXCHANGE INC holds deeper cash reserves than three-quarters of the 659 community improvement nonprofits its size.

Operating margin8% · above the median
Months of reserve12.3mo · top quartile
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024

Government funding SOUNDEXCHANGE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6k on record.

State$6k
13
15
19
By state
  • OK$6k
  • FL$62

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SOUNDEXCHANGE 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 Washington, D.C.

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

DC

Part of a family of 3 related entities

  • Soundexchange Enterprises Inc · corp_trust
  • Sx Works LLC · corp_trust
  • Cmrra Ltd · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for SOUNDEXCHANGE 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.

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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 SOUNDEXCHANGE INC?
SOUNDEXCHANGE INC (Washington, D.C.) receives grants from 1 organization whose IRS filings report $8,165,000 to it, the largest being CORPORATION FOR PUBLIC BROADCASTING ($8,165,000). 1 of them have funded it in more than one year.
How many funders does SOUNDEXCHANGE INC have?
IRS filings report 1 organization giving $8,165,000 in grants to SOUNDEXCHANGE INC, 1 of which have funded it in more than one year.
Who is the largest funder of SOUNDEXCHANGE INC?
CORPORATION FOR PUBLIC BROADCASTING is the largest funder on record, with $8,165,000 in grants. The full list of funders is on this page.
How can an organization like SOUNDEXCHANGE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

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 1 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