Strong asset growth from $114,974 in 2015 to $173,799 in 2024.
0% officer compensation, indicating volunteer leadership and efficient use of funds.
Consistent filing history with 13 available IRS 990s, demonstrating transparency.
Significant surplus in the most recent filing (2024) with revenue of $49,333 against expenses of $10,577.
Spending Breakdown
How Florence Symphony Guild allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Florence Symphony Guild
Is Florence Symphony Guild a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence Symphony Guild (EIN: 205877402) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Florence Symphony Guild a good charity to donate to?
Florence Symphony Guild has a Mission Score of 92/100. Revenue: $71K. Assets: $186K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florence Symphony Guild?
The Employer Identification Number (EIN) for Florence Symphony Guild is 205877402. 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 Florence Symphony Guild spend its money?
Florence Symphony Guild allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florence Symphony Guild's tax-exempt status?
You can verify Florence Symphony Guild's tax-exempt status using EIN 205877402 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 Florence Symphony Guild demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains zero liabilities, indicating sound financial management and a lack of debt. Its assets have shown a healthy growth trend, increasing from $114,974 in 2015 to $173,799 in 2024, suggesting effective asset accumulation and preservation. The organization's revenue streams have fluctuated but generally support its operational expenses, with a notable surplus in the 2024 period where revenue was $49,333 against expenses of $10,577.
Spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization is run by volunteers, which significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards program services. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the absence of paid executive staff strongly suggests a lean operational model.
Transparency is good, with 13 filings available, demonstrating a consistent record of public disclosure. The consistent reporting of zero liabilities and zero officer compensation are key indicators of a well-managed and transparent small nonprofit. The NTEE code A116 (Symphony Orchestras) aligns with its name, further confirming its mission focus.