Bay Youth Orchestra Of Virginia
EIN: 541802721 · Norfolk, VA · NTEE: A680
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $231K |
| Net Assets | $138 |
Is Bay Youth Orchestra Of Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bay Youth Orchestra Of Virginia
Bay Youth Orchestra Of Virginia (EIN: 541802721) is a nonprofit organization based in Norfolk, VA, classified under NTEE code A680. The organization reported total revenue of $287K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Youth Orchestra Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay Youth Orchestra Of Virginia is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $231K |
| Surplus / Deficit | $-20,752 |
| Total Assets | $26K |
| Total Liabilities | $26K |
| Net Assets | $138 |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 99.5% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Bay Youth Orchestra Of Virginia reported a deficit of $21K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 99.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Bay Youth Orchestra Of Virginia's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.6% | +12.0% | +3.6% |
| 2022 | +54.0% | +77.4% | -60.5% |
| 2021 | -56.1% | -42.1% | -17.2% |
| 2020 | +8.2% | -11.3% | +101.8% |
| 2019 | +3.7% | +11.7% | -23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bay Youth Orchestra Of Virginia has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bay Youth Orchestra Of Virginia with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.5%.
Frequently Asked Questions about Bay Youth Orchestra Of Virginia
Is Bay Youth Orchestra Of Virginia a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay Youth Orchestra Of Virginia (EIN: 541802721) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bay Youth Orchestra Of Virginia spend its money?
Detailed spending breakdown data is not yet available for Bay Youth Orchestra Of Virginia. Check back for updated IRS 990 analysis.
Are donations to Bay Youth Orchestra Of Virginia tax-deductible?
Bay Youth Orchestra Of Virginia is registered as a tax-exempt nonprofit (EIN: 541802721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bay Youth Orchestra Of Virginia located?
Bay Youth Orchestra Of Virginia is headquartered in Norfolk, Virginia and files with the IRS under EIN 541802721. It is classified under NTEE code A680.
How many years of IRS 990 filings does Bay Youth Orchestra Of Virginia have?
Bay Youth Orchestra Of Virginia has 12 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 $287K in total revenue.
Filing History
IRS 990 filing history for Bay Youth Orchestra Of Virginia showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Bay Youth Orchestra Of Virginia's revenue has grown by 29.1%, moving from $163K to $210K. Total assets decreased by 25.6% over the same period, from $35K to $26K. Total functional expenses rose by 40.1%, from $165K to $231K. In its most recent filing year (2023), Bay Youth Orchestra Of Virginia reported a deficit of $21K, with expenses exceeding revenue. The organization holds $26K in liabilities against $26K in assets (debt-to-asset ratio: 99.5%), resulting in net assets of $138.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $231K | $26K | $26K | — | — |
| 2022 | $160K | $206K | $25K | $4K | — | View 990 |
| 2021 | $104K | $116K | $64K | $-3,940 | — | — |
| 2020 | $237K | $201K | $77K | $-3,326 | — | View 990 |
| 2019 | $219K | $227K | $38K | $-6,560 | — | View 990 |
| 2018 | $211K | $203K | $49K | $-3,413 | — | — |
| 2017 | $211K | $193K | $44K | $-653 | — | View 990 |
| 2016 | $196K | $188K | $25K | $-1,115 | — | View 990 |
| 2015 | $162K | $180K | $12K | $3K | — | View 990 |
| 2014 | $174K | $172K | $32K | $5K | — | View 990 |
| 2013 | $156K | $154K | $30K | $6K | — | View 990 |
| 2012 | $163K | $165K | $35K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $231K, and assets of $26K (revenue +31.6% year-over-year).
- 2022: Revenue of $160K, expenses of $206K, and assets of $25K (revenue +54.0% year-over-year).
- 2021: Revenue of $104K, expenses of $116K, and assets of $64K (revenue -56.1% year-over-year).
- 2020: Revenue of $237K, expenses of $201K, and assets of $77K (revenue +8.2% year-over-year).
- 2019: Revenue of $219K, expenses of $227K, and assets of $38K (revenue +3.7% year-over-year).
- 2018: Revenue of $211K, expenses of $203K, and assets of $49K (revenue -0.3% year-over-year).
- 2017: Revenue of $211K, expenses of $193K, and assets of $44K (revenue +8.0% year-over-year).
- 2016: Revenue of $196K, expenses of $188K, and assets of $25K (revenue +20.6% year-over-year).
- 2015: Revenue of $162K, expenses of $180K, and assets of $12K (revenue -6.9% year-over-year).
- 2014: Revenue of $174K, expenses of $172K, and assets of $32K (revenue +11.6% year-over-year).
- 2013: Revenue of $156K, expenses of $154K, and assets of $30K (revenue -4.2% year-over-year).
- 2012: Revenue of $163K, expenses of $165K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay Youth Orchestra Of Virginia:
Data Sources and Methodology
This transparency report for Bay Youth Orchestra Of Virginia 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.