The RIAA has submitted its latest tax filing to the IRS, covering the fiscal year ending March 31, 2011.
Despite the long reporting delay, the figures are well worth a look as they show a massive decline in revenue for the music group. In just two years the RIAA’s entire budget was almost cut in half.
The total revenue in the latest filing is $29.1 million, down from $51.35 million two years earlier.
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