Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes it difficult to fully assess spending efficiency.
Significant fluctuations in assets year-over-year without clear explanations in the provided data.
Strengths
Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
Significant revenue growth in recent years, from $552,173 in 2021 to $1,770,024 in 2023, demonstrating increased support or activity.
Overall positive net income in most recent periods (e.g., $1,770,024 revenue vs. $1,753,568 expenses in 2023).
Spending Breakdown
How Texarkana Symphony Orchestra allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Texarkana Symphony Orchestra
Is Texarkana Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, Texarkana Symphony Orchestra (EIN: 204350824) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Texarkana Symphony Orchestra a good charity to donate to?
Texarkana Symphony Orchestra has a Mission Score of 75/100. Revenue: $2.1M. Assets: $137K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Texarkana Symphony Orchestra?
The Employer Identification Number (EIN) for Texarkana Symphony Orchestra is 204350824. 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 Texarkana Symphony Orchestra spend its money?
Texarkana Symphony Orchestra allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Texarkana Symphony Orchestra's tax-exempt status?
You can verify Texarkana Symphony Orchestra's tax-exempt status using EIN 204350824 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 Texarkana Symphony Orchestra demonstrates a fluctuating but generally improving financial trajectory, with a notable surge in revenue and expenses in its most recent filings. Revenue grew from $552,173 in 2021 to $1,770,024 in 2023, indicating significant growth in its operations or funding. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the organization's assets have not consistently kept pace with its revenue growth, and it has frequently reported liabilities exceeding assets, such as in 2023 ($212,053 liabilities vs. $203,046 assets), suggesting potential liquidity challenges or reliance on short-term funding. While the lack of officer compensation is positive, a more detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency.