SOUND RECORDING SPECIAL PAYMENTS FUNDPub 78
Pub 78
AI Summary
The Sound Recording Special Payments Fund is a nonprofit organization dedicated to collecting and distributing residual payments to musicians for their contributions to sound recordings. With an operating budget of $2 million and total revenue of $15.8 million for the filing year 2025, the organization plays a crucial role in supporting the music industry, focusing on the economic and trade aspects of musicians' craftsmanship. More information about their mission and activities can be found on their website at www.sound-recording.org.
Mission Statement
DEDICATED TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. (SEE SCHEDULE O FOR CONTINUATION)
Cause Areas
3
Music
Economics
Trade
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is SOUND RECORDING SPECIAL PAYMENTS FUND’s budget?
In 2025, SOUND RECORDING SPECIAL PAYMENTS FUND reported an annual operating budget of around $2 million. More detailed financial information is available to registered users.
What causes does SOUND RECORDING SPECIAL PAYMENTS FUND support?
SOUND RECORDING SPECIAL PAYMENTS FUND supports work in Music, Economics, and Trade.
Where does SOUND RECORDING SPECIAL PAYMENTS FUND operate?
SOUND RECORDING SPECIAL PAYMENTS FUND is headquartered in New York, NY.