Deficit spending in the most recent filing (202306) where expenses exceeded revenue by over $600,000.
Lack of clear executive compensation reporting (0% officer comp across all filings may obscure actual pay).
Strengths
Strong asset base, consistently over $10 million in recent years, providing financial resilience.
Long history of IRS 990 filings, indicating consistent compliance and transparency.
Demonstrated ability to generate significant surpluses in multiple years (e.g., 202206, 202106, 201806, 201706).
Manageable liabilities relative to assets, indicating responsible debt management.
Spending Breakdown
How Albany Symphony Orchestra Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Albany Symphony Orchestra Inc
Is Albany Symphony Orchestra Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Albany Symphony Orchestra Inc (EIN: 146013010) appears trustworthy. Mission Score: 78/100. 2 red flags identified, 4 strengths noted.
Is Albany Symphony Orchestra Inc a good charity to donate to?
Albany Symphony Orchestra Inc has a Mission Score of 78/100. Revenue: $4.8M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Albany Symphony Orchestra Inc?
The Employer Identification Number (EIN) for Albany Symphony Orchestra Inc is 146013010. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Albany Symphony Orchestra Inc spend its money?
Albany Symphony Orchestra Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Albany Symphony Orchestra Inc's tax-exempt status?
You can verify Albany Symphony Orchestra Inc's tax-exempt status using EIN 146013010 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Albany Symphony Orchestra Inc. demonstrates a generally stable financial position with fluctuating revenues and expenses over the past decade. In the most recent filing (202306), the organization reported expenses exceeding revenue by over $600,000 ($3,144,948 in expenses vs. $2,511,464 in revenue), indicating a deficit for that period. However, this follows a strong surplus in 202206 where revenue significantly outpaced expenses ($4,231,453 vs. $3,403,486). The organization maintains substantial assets, reported at $11,248,880 in 202306, which provides a buffer against operational fluctuations. Liabilities are consistently managed, remaining around 10-15% of total assets in recent years.
Spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency regarding executive pay. The organization has a long filing history, indicating consistent compliance with IRS reporting requirements, which is a positive sign for transparency.