Albany Symphony Orchestra Inc
Albany Symphony Orchestra reports fluctuating revenues and expenses, with a recent deficit following a strong surplus.
EIN: 146013010 · Albany, NY · NTEE: A690 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $3.1M |
| Program Spending | 75% |
| Net Assets | $10.0M |
| Transparency Score | 78/100 |
Is Albany Symphony Orchestra Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Symphony Orchestra Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Symphony Orchestra Inc
Albany Symphony Orchestra Inc (EIN: 146013010) is a nonprofit organization based in Albany, NY, classified under NTEE code A690. The organization reported total revenue of $4.8M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Symphony Orchestra Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Symphony Orchestra Inc is a mid-size nonprofit that has been operating for 67 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-633,484 |
| Total Assets | $11.2M |
| Total Liabilities | $1.3M |
| Net Assets | $10.0M |
| Operating Margin | -25.2% |
| Debt-to-Asset Ratio | 11.3% |
| Months of Reserves | 42.9 months |
Financial Health Grade: B
In 2023, Albany Symphony Orchestra Inc reported a deficit of $633K with expenses exceeding revenue, holds 42.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Albany Symphony Orchestra Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | -7.6% | +5.7% |
| 2022 | +86.2% | +88.7% | -14.3% |
| 2021 | +34.4% | -12.5% | +14.4% |
| 2020 | -45.4% | -24.3% | -3.0% |
| 2019 | -39.7% | -12.6% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albany Symphony Orchestra Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Albany Symphony Orchestra Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $633K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests either a volunteer leadership or that executive compensation is categorized under other expense lines, making direct analysis of executive pay challenging without further detail.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albany Symphony Orchestra Inc's IRS 990 filings:
- Deficit spending in the most recent filing (202306) where expenses exceeded revenue by over $600,000.
- Lack of clear executive compensation reporting (0% officer comp across all filings may obscure actual pay).
Strengths
The following positive indicators were identified for Albany Symphony Orchestra Inc:
- Strong asset base, consistently over $10 million in recent years, providing financial resilience.
- Long history of IRS 990 filings, indicating consistent compliance and transparency.
- Demonstrated ability to generate significant surpluses in multiple years (e.g., 202206, 202106, 201806, 201706).
- Manageable liabilities relative to assets, indicating responsible debt management.
Frequently Asked Questions about Albany Symphony Orchestra Inc
Is Albany Symphony Orchestra Inc a legitimate charity?
Albany Symphony Orchestra Inc (EIN: 146013010) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Albany Symphony Orchestra Inc spend its money?
Albany Symphony Orchestra Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Albany Symphony Orchestra Inc tax-deductible?
Albany Symphony Orchestra Inc is registered as a tax-exempt nonprofit (EIN: 146013010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albany Symphony Orchestra Inc's spending goes to programs?
Albany Symphony Orchestra Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany Symphony Orchestra Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Albany Symphony Orchestra Inc is above average for NTEE category A690 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany Symphony Orchestra Inc located?
Albany Symphony Orchestra Inc is headquartered in Albany, New York and files with the IRS under EIN 146013010. It is classified under NTEE code A690.
How many years of IRS 990 filings does Albany Symphony Orchestra Inc have?
Albany Symphony Orchestra Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.8M in total revenue.
Is Albany Symphony Orchestra Inc. financially stable?
While the organization experienced a deficit in 202306 ($2,511,464 revenue vs. $3,144,948 expenses), its substantial assets ($11,248,880 in 202306) and history of surpluses in other years (e.g., 202206, 202106) suggest a generally stable financial position capable of weathering fluctuations.
What caused the significant revenue fluctuation in 201706?
The revenue in 201706 was $9,743,171, which is significantly higher than any other year in the provided data. This could indicate a major one-time grant, capital campaign success, or a large endowment contribution during that period.
How does the organization manage its liabilities?
Liabilities have consistently been a manageable portion of total assets, for example, $1,269,384 in liabilities against $11,248,880 in assets in 202306, indicating responsible financial management.
What is the trend in the organization's assets?
Assets have shown significant growth, particularly from 201606 ($1,183,891) to 201706 ($8,409,163), and have remained robust, generally above $10 million in recent years, reaching $11,248,880 in 202306.
Filing History
IRS 990 filing history for Albany Symphony Orchestra Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Albany Symphony Orchestra Inc's revenue has grown by 32.6%, moving from $1.9M to $2.5M. Total assets increased by 656.1% over the same period, from $1.5M to $11.2M. Total functional expenses rose by 57.1%, from $2.0M to $3.1M. In its most recent filing year (2023), Albany Symphony Orchestra Inc reported a deficit of $633K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $11.2M in assets (debt-to-asset ratio: 11.3%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.1M | $11.2M | $1.3M | — | — |
| 2022 | $4.2M | $3.4M | $10.6M | $1.2M | — | View 990 |
| 2021 | $2.3M | $1.8M | $12.4M | $1.2M | — | View 990 |
| 2020 | $1.7M | $2.1M | $10.9M | $1.6M | — | View 990 |
| 2019 | $3.1M | $2.7M | $11.2M | $1.5M | — | View 990 |
| 2018 | $5.1M | $3.1M | $10.7M | $1.6M | — | View 990 |
| 2017 | $9.7M | $2.7M | $8.4M | $1.3M | — | View 990 |
| 2016 | $2.3M | $2.4M | $1.2M | $1.2M | — | View 990 |
| 2015 | $2.2M | $2.3M | $1.1M | $936K | — | View 990 |
| 2014 | $2.2M | $2.3M | $1.5M | $1.2M | — | View 990 |
| 2013 | $2.3M | $2.2M | $1.6M | $1.3M | — | View 990 |
| 2012 | $24K | $133K | $1.2M | $1.1M | — | View 990 |
| 2012 | $2.3M | $2.2M | $1.3M | $1.2M | — | View 990 |
| 2011 | $1.9M | $2.0M | $1.5M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.1M, and assets of $11.2M (revenue -40.6% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.4M, and assets of $10.6M (revenue +86.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.8M, and assets of $12.4M (revenue +34.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.1M, and assets of $10.9M (revenue -45.4% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.7M, and assets of $11.2M (revenue -39.7% year-over-year).
- 2018: Revenue of $5.1M, expenses of $3.1M, and assets of $10.7M (revenue -47.3% year-over-year).
- 2017: Revenue of $9.7M, expenses of $2.7M, and assets of $8.4M (revenue +320.9% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.4M, and assets of $1.2M (revenue +4.0% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $1.1M (revenue +0.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.3M, and assets of $1.5M (revenue -2.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $1.6M (revenue +9486.6% year-over-year).
- 2012: Revenue of $24K, expenses of $133K, and assets of $1.2M (revenue -99.0% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $1.3M (revenue +22.1% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.0M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Symphony Orchestra Inc:
Data Sources and Methodology
This transparency report for Albany Symphony Orchestra Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.