Quick charity verification for Symphony Space Inc (EIN: 132941455)
Verdict: Symphony Space Inc appears trustworthy
75/100Mission Score
$7.4MRevenue
$19.3MAssets
2Red Flags
3Strengths
Red Flags
Frequent operating deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2020, 2018, 2017, 2016, 2015).
Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further scrutiny into how leadership is compensated or structured.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
Spending Breakdown
How Symphony Space 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 Symphony Space Inc
Is Symphony Space Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Symphony Space Inc (EIN: 132941455) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Symphony Space Inc a good charity to donate to?
Symphony Space Inc has a Mission Score of 75/100. Revenue: $7.4M. Assets: $19.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Symphony Space Inc?
The Employer Identification Number (EIN) for Symphony Space Inc is 132941455. 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 Symphony Space Inc spend its money?
Symphony Space Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Symphony Space Inc's tax-exempt status?
You can verify Symphony Space Inc's tax-exempt status using EIN 132941455 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
Symphony Space Inc. demonstrates a generally stable financial position with assets consistently above $19 million over the past decade, peaking at $23.1 million in 2014 and 2021. While revenue has fluctuated, ranging from $5.0 million to $7.5 million, the organization has experienced periods of operating deficits, notably in 2023 where expenses ($6,665,296) exceeded revenue ($5,510,040) by over $1.1 million. This trend of expenses often outpacing revenue is visible in multiple years, including 2020, 2018, 2017, 2016, and 2015, suggesting a reliance on reserves or other funding sources to cover operational costs during those periods.
The organization's liabilities have remained relatively low compared to its assets, typically staying below $2 million, indicating a healthy balance sheet. A significant positive aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards the mission rather than executive salaries. This practice enhances the organization's transparency and financial efficiency from a compensation perspective. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.