Zero officer compensation reported across all filings, indicating high efficiency and transparency.
Low liabilities relative to assets, with $135,000 in liabilities against $12,554,860 in assets in 2024.
Clear focus as a supporting organization, likely minimizing direct program delivery costs and maximizing endowment growth for its beneficiary.
Spending Breakdown
How West Virginia Symphony Orchestra Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 West Virginia Symphony Orchestra Foundation Inc
Is West Virginia Symphony Orchestra Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, West Virginia Symphony Orchestra Foundation Inc (EIN: 205635406) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is West Virginia Symphony Orchestra Foundation Inc a good charity to donate to?
West Virginia Symphony Orchestra Foundation Inc has a Mission Score of 90/100. Revenue: $384K. Assets: $12.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for West Virginia Symphony Orchestra Foundation Inc?
The Employer Identification Number (EIN) for West Virginia Symphony Orchestra Foundation Inc is 205635406. 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 West Virginia Symphony Orchestra Foundation Inc spend its money?
West Virginia Symphony Orchestra Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify West Virginia Symphony Orchestra Foundation Inc's tax-exempt status?
You can verify West Virginia Symphony Orchestra Foundation Inc's tax-exempt status using EIN 205635406 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 West Virginia Symphony Orchestra Foundation Inc. demonstrates a strong financial position, primarily functioning as a supporting organization for the West Virginia Symphony Orchestra. Its assets have shown consistent growth, increasing from $6,209,987 in 2015 to $12,554,860 in 2024, indicating effective asset management and investment strategies. The organization's revenue and expenses fluctuate, which is common for foundations that primarily provide grants or support to a single entity, with significant revenue spikes in 2018 and 2019 likely due to large contributions or investment gains.
Spending efficiency appears to be high, as the foundation's primary role is to manage and grow an endowment to support the symphony. The latest filing shows expenses of $296,197 against revenue of $383,606, suggesting that a significant portion of its financial activity is related to investment management and grantmaking rather than extensive direct program delivery. The consistent reporting of 0% officer compensation across all filings indicates excellent transparency regarding executive pay and a lean operational structure, reinforcing its role as a supporting foundation rather than a direct service provider with high administrative overhead. The organization's financial health is robust, with substantial assets relative to its annual expenses, ensuring long-term support for the symphony.