American Symphony Orchestra Inc
American Symphony Orchestra maintains operational balance but carries significant liabilities.
EIN: 131969375 · New York, NY · NTEE: A690 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-877,958 |
| Transparency Score | 65/100 |
Is American 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 →
American Symphony Orchestra Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Symphony Orchestra Inc
American Symphony Orchestra Inc (EIN: 131969375) is a nonprofit organization based in New York, NY, classified under NTEE code A690. The organization reported total revenue of $2.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Symphony Orchestra Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Symphony Orchestra Inc is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$104K |
| Total Assets | $2.3M |
| Total Liabilities | $3.1M |
| Net Assets | $-877,958 |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 138.7% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, American Symphony Orchestra Inc reported a surplus of $104K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 138.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Symphony Orchestra Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +5.9% | +3.1% |
| 2022 | +159.6% | +181.9% | -7.8% |
| 2021 | -62.5% | -67.1% | +10.4% |
| 2020 | +17.5% | +21.7% | -2.3% |
| 2019 | -8.7% | -9.3% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
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 American Symphony Orchestra Inc with a Mission Score of 65 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, American 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 surplus of $104K, with revenue exceeding expenses.
- Debt-to-asset ratio: 138.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization with annual revenues exceeding $2 million. This suggests either a volunteer leadership or compensation levels below the IRS reporting threshold for key employees, which limits transparency regarding executive remuneration.
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 American Symphony Orchestra Inc's IRS 990 filings:
- Consistent negative net asset position (liabilities exceed assets)
- Lack of reported officer compensation despite significant revenue
- Fluctuating revenue, with a notable dip in 202106 to $1,020,123
Strengths
The following positive indicators were identified for American Symphony Orchestra Inc:
- Generally balanced annual revenues and expenses, indicating operational stability
- Consistent asset base over the past decade, hovering around $2.2-$2.3 million
- Long history of IRS 990 filings (13 filings), indicating compliance
Frequently Asked Questions about American Symphony Orchestra Inc
Is American Symphony Orchestra Inc a legitimate charity?
American Symphony Orchestra Inc (EIN: 131969375) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does American Symphony Orchestra Inc spend its money?
American Symphony Orchestra Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to American Symphony Orchestra Inc tax-deductible?
American Symphony Orchestra Inc is registered as a tax-exempt nonprofit (EIN: 131969375). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Symphony Orchestra Inc CEO make?
American Symphony Orchestra Inc's highest-compensated officer earns $2 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Symphony Orchestra Inc's spending goes to programs?
American Symphony Orchestra Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Symphony Orchestra Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), American 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 American Symphony Orchestra Inc located?
American Symphony Orchestra Inc is headquartered in New York, New York and files with the IRS under EIN 131969375. It is classified under NTEE code A690.
How many years of IRS 990 filings does American Symphony Orchestra Inc have?
American Symphony Orchestra Inc has 13 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 $2.7M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these expense categories, making it difficult to fully assess spending efficiency beyond overall revenue and expense figures.
Why do liabilities consistently exceed assets, indicating a negative net asset position?
The organization consistently reports liabilities significantly higher than assets (e.g., $3,145,904 liabilities vs. $2,267,946 assets in 202306). This suggests a reliance on debt or restricted funds, which could impact long-term financial flexibility.
Are the officers truly uncompensated, or is their compensation below IRS reporting thresholds?
All filings show 0% officer compensation. This is atypical for an organization of this size and warrants clarification to understand the true cost of leadership and ensure transparency.
How does the organization plan to address its persistent negative net asset balance?
The consistent negative net asset position across multiple years (e.g., $2,267,946 assets vs. $3,145,904 liabilities in 202306) indicates a structural financial challenge that needs a clear strategy for improvement.
Filing History
IRS 990 filing history for American Symphony Orchestra Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Symphony Orchestra Inc's revenue has declined by 45.8%, moving from $5.3M to $2.9M. Total assets decreased by 9.4% over the same period, from $2.5M to $2.3M. Total functional expenses fell by 46.1%, from $5.1M to $2.8M. In its most recent filing year (2023), American Symphony Orchestra Inc reported a surplus of $104K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $2.3M in assets (debt-to-asset ratio: 138.7%), resulting in net assets of $-877,958.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.8M | $2.3M | $3.1M | — | — |
| 2022 | $2.6M | $2.6M | $2.2M | $3.2M | — | View 990 |
| 2021 | $1.0M | $924K | $2.4M | $3.4M | — | View 990 |
| 2020 | $2.7M | $2.8M | $2.2M | $3.3M | — | View 990 |
| 2019 | $2.3M | $2.3M | $2.2M | $3.2M | — | View 990 |
| 2018 | $2.5M | $2.5M | $2.2M | $3.2M | — | View 990 |
| 2017 | $3.2M | $3.3M | $2.3M | $3.3M | — | View 990 |
| 2016 | $3.2M | $3.2M | $2.2M | $3.2M | — | View 990 |
| 2015 | $4.9M | $4.8M | $2.3M | $3.2M | — | View 990 |
| 2014 | $4.6M | $5.1M | $2.4M | $3.4M | — | View 990 |
| 2013 | $5.4M | $5.6M | $2.2M | $2.7M | — | View 990 |
| 2012 | $5.6M | $5.6M | $2.3M | $2.8M | — | View 990 |
| 2011 | $5.3M | $5.1M | $2.5M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.8M, and assets of $2.3M (revenue +8.0% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $2.2M (revenue +159.6% year-over-year).
- 2021: Revenue of $1.0M, expenses of $924K, and assets of $2.4M (revenue -62.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.8M, and assets of $2.2M (revenue +17.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $2.2M (revenue -8.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $2.2M (revenue -21.8% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.3M, and assets of $2.3M (revenue +2.5% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.2M, and assets of $2.2M (revenue -35.8% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.8M, and assets of $2.3M (revenue +6.2% year-over-year).
- 2014: Revenue of $4.6M, expenses of $5.1M, and assets of $2.4M (revenue -13.8% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.6M, and assets of $2.2M (revenue -3.3% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.6M, and assets of $2.3M (revenue +5.3% year-over-year).
- 2011: Revenue of $5.3M, expenses of $5.1M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Symphony Orchestra Inc:
Data Sources and Methodology
This transparency report for American 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.