Lack of detailed officer compensation in summary data, requiring further investigation of full 990s.
Strengths
Strong revenue growth in recent fiscal years, with 2023 revenue at $15,587,754.
Consistent generation of surpluses in most recent periods, indicating effective financial management.
Significant growth in assets, reaching $23,318,627 in 2023.
Positive net asset position, with assets consistently exceeding liabilities.
Spending Breakdown
How Rochester Philharmonic 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 Rochester Philharmonic Orchestra Inc
Is Rochester Philharmonic Orchestra Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rochester Philharmonic Orchestra Inc (EIN: 160765613) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Rochester Philharmonic Orchestra Inc a good charity to donate to?
Rochester Philharmonic Orchestra Inc has a Mission Score of 85/100. Revenue: $14.2M. Assets: $25.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rochester Philharmonic Orchestra Inc?
The Employer Identification Number (EIN) for Rochester Philharmonic Orchestra Inc is 160765613. 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 Rochester Philharmonic Orchestra Inc spend its money?
Rochester Philharmonic Orchestra Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rochester Philharmonic Orchestra Inc's tax-exempt status?
You can verify Rochester Philharmonic Orchestra Inc's tax-exempt status using EIN 160765613 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 Rochester Philharmonic Orchestra Inc. demonstrates a generally stable financial position with fluctuating but often positive net assets over the past decade. For instance, in fiscal year 2023, the organization reported revenue of $15,587,754 against expenses of $11,775,990, resulting in a significant surplus. This trend of revenue exceeding expenses is a positive indicator of financial health, especially when compared to earlier periods like 2019 and 2018 where expenses slightly outpaced revenue. The organization's assets have also shown growth, reaching $23,318,627 in 2023 from $15,181,402 in 2019, indicating a strengthening balance sheet.
Spending efficiency appears reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent operation and growth in assets suggest effective management of resources to support its mission. The absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency, as it could imply either very low or no compensation for officers, or that this information is not captured in the 'Officer Comp' field provided. Further detailed analysis of the full 990 forms would be necessary to fully assess spending efficiency and compensation practices.
Overall, the organization appears to be in a sound financial state, particularly with the strong revenue performance in recent years. The growth in assets and the ability to generate surpluses in most recent periods indicate a well-managed entity capable of sustaining its operations and mission. The lack of reported officer compensation in the provided summary data, while potentially positive, warrants further investigation for complete transparency.