Boca Raton Philarmonic Symphonia
Boca Raton Philarmonic Symphonia shows fluctuating financial performance with 0% officer compensation.
EIN: 201454440 · Boca Raton, FL · Updated: 2026-03-28
Is Boca Raton Philarmonic Symphonia Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boca Raton Philarmonic Symphonia directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boca Raton Philarmonic Symphonia
Boca Raton Philarmonic Symphonia (EIN: 201454440) is a nonprofit organization based in Boca Raton, FL. The organization reported total revenue of $603K and total assets of $748K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boca Raton Philarmonic Symphonia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boca Raton Philarmonic Symphonia is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $472K |
| Total Expenses | $611K |
| Surplus / Deficit | $-139,227 |
| Total Assets | $940K |
| Total Liabilities | $80K |
| Net Assets | $860K |
| Operating Margin | -29.5% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, Boca Raton Philarmonic Symphonia reported a deficit of $139K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boca Raton Philarmonic Symphonia's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.8% | +28.6% | -12.1% |
| 2022 | +92.3% | +38.3% | +84.1% |
| 2021 | -14.0% | -45.3% | +38.1% |
| 2020 | -1.7% | -3.5% | -16.2% |
| 2019 | -37.9% | +32.2% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Boca Raton Philarmonic Symphonia with a Mission Score of 80 out of 100 (Excellent). 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, Boca Raton Philarmonic Symphonia 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 $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of this size and suggests either a fully volunteer-led executive team or compensation is categorized differently.
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 Boca Raton Philarmonic Symphonia's IRS 990 filings:
- Frequent periods of expenses exceeding revenue (e.g., 2023, 2020, 2019, 2017, 2016)
- Recent decrease in assets from $1,070,118 in 2022 to $940,170 in 2023
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Boca Raton Philarmonic Symphonia:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level
- Significant asset growth over the past decade, from $64,499 in 2014 to $940,170 in 2023
- Consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency and compliance
Frequently Asked Questions about Boca Raton Philarmonic Symphonia
Is Boca Raton Philarmonic Symphonia a legitimate charity?
Based on AI analysis of IRS 990 filings, Boca Raton Philarmonic Symphonia (EIN: 201454440) some concerns. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
How does Boca Raton Philarmonic Symphonia spend its money?
Boca Raton Philarmonic Symphonia directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boca Raton Philarmonic Symphonia tax-deductible?
Boca Raton Philarmonic Symphonia is registered as a tax-exempt nonprofit (EIN: 201454440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Boca Raton Philarmonic Symphonia financially stable?
The organization's financial stability shows fluctuations. While it has grown its assets significantly from $64,499 in 2014 to $940,170 in 2023, there have been several years where expenses exceeded revenue, such as in 2023 ($611,320 expenses vs $472,093 revenue) and 2020 ($628,314 expenses vs $580,204 revenue). This indicates periods of deficit spending that could impact long-term stability if not managed effectively.
How does the organization manage executive compensation?
The Boca Raton Philarmonic Symphonia consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that the organization's executive leadership may be entirely volunteer-based or that compensation for key personnel is reported under different categories, which would require further investigation to fully understand.
What is the trend in the organization's assets?
The organization has shown significant asset growth over the past decade, increasing from $64,499 in 2014 to a peak of $1,070,118 in 2022. However, assets saw a decrease to $940,170 in 2023, indicating a recent dip after a period of strong accumulation.
Filing History
IRS 990 filing history for Boca Raton Philarmonic Symphonia showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boca Raton Philarmonic Symphonia's revenue has grown by 30.9%, moving from $361K to $472K. Total assets increased by 1674.2% over the same period, from $53K to $940K. Total functional expenses rose by 57.9%, from $387K to $611K. In its most recent filing year (2023), Boca Raton Philarmonic Symphonia reported a deficit of $139K, with expenses exceeding revenue. The organization holds $80K in liabilities against $940K in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $860K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $472K | $611K | $940K | $80K | — | View 990 |
| 2022 | $960K | $475K | $1.1M | $71K | — | View 990 |
| 2021 | $499K | $344K | $581K | $66K | — | View 990 |
| 2020 | $580K | $628K | $421K | $61K | — | View 990 |
| 2019 | $590K | $651K | $502K | $94K | — | View 990 |
| 2018 | $950K | $493K | $566K | $97K | — | View 990 |
| 2017 | $638K | $572K | $118K | $107K | — | View 990 |
| 2016 | $646K | $656K | $96K | $147K | — | View 990 |
| 2015 | $491K | $500K | $74K | $116K | — | View 990 |
| 2014 | $475K | $451K | $64K | $99K | — | View 990 |
| 2013 | $442K | $461K | $38K | $95K | — | View 990 |
| 2012 | $425K | $424K | $33K | $72K | — | View 990 |
| 2011 | $361K | $387K | $53K | $93K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $472K, expenses of $611K, and assets of $940K (revenue -50.8% year-over-year).
- 2022: Revenue of $960K, expenses of $475K, and assets of $1.1M (revenue +92.3% year-over-year).
- 2021: Revenue of $499K, expenses of $344K, and assets of $581K (revenue -14.0% year-over-year).
- 2020: Revenue of $580K, expenses of $628K, and assets of $421K (revenue -1.7% year-over-year).
- 2019: Revenue of $590K, expenses of $651K, and assets of $502K (revenue -37.9% year-over-year).
- 2018: Revenue of $950K, expenses of $493K, and assets of $566K (revenue +48.8% year-over-year).
- 2017: Revenue of $638K, expenses of $572K, and assets of $118K (revenue -1.3% year-over-year).
- 2016: Revenue of $646K, expenses of $656K, and assets of $96K (revenue +31.5% year-over-year).
- 2015: Revenue of $491K, expenses of $500K, and assets of $74K (revenue +3.6% year-over-year).
- 2014: Revenue of $475K, expenses of $451K, and assets of $64K (revenue +7.4% year-over-year).
- 2013: Revenue of $442K, expenses of $461K, and assets of $38K (revenue +3.9% year-over-year).
- 2012: Revenue of $425K, expenses of $424K, and assets of $33K (revenue +18.0% year-over-year).
- 2011: Revenue of $361K, expenses of $387K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boca Raton Philarmonic Symphonia:
Data Sources and Methodology
This transparency report for Boca Raton Philarmonic Symphonia 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.