AI Transparency Report
The Newark Granville Symphony Orchestra Inc. demonstrates a generally stable financial history, with revenues and expenses fluctuating but remaining within a manageable range over the past decade. The organization's latest filing (Period 202306) shows expenses exceeding revenue by $37,788 ($314,717 vs $276,929), which led to a decrease in assets from $321,759 in 2022 to $284,366 in 2023. This trend of expenses occasionally surpassing revenue is not uncommon for arts organizations, but consistent deficits could impact long-term sustainability.
The organization's transparency is strong regarding executive compensation, as officer compensation has consistently been reported as 0% across all available filings. This indicates a volunteer-led or very lean administrative structure at the top. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a focus on directing funds towards the mission. The significant liability of $395,000 in 2023, compared to $0 in 2022, warrants further investigation to understand its nature and potential impact on financial health.