Carmel Symphony Orchestera Inc
EIN: 310918565 · Carmel, IN · NTEE: A69Z
| Metric | Value |
|---|---|
| Total Revenue | $770K |
| Total Expenses | $935K |
| Net Assets | $490K |
Is Carmel Symphony Orchestera Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carmel Symphony Orchestera Inc
Carmel Symphony Orchestera Inc (EIN: 310918565) is a nonprofit organization based in Carmel, IN, classified under NTEE code A69Z. The organization reported total revenue of $770K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carmel Symphony Orchestera Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carmel Symphony Orchestera Inc is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $808K |
| Total Expenses | $935K |
| Surplus / Deficit | $-126,556 |
| Total Assets | $529K |
| Total Liabilities | $39K |
| Net Assets | $490K |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Carmel Symphony Orchestera Inc reported a deficit of $127K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carmel Symphony Orchestera Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +23.7% | -15.8% |
| 2022 | -31.9% | +51.7% | -11.5% |
| 2021 | +41.8% | -38.3% | +376.9% |
| 2020 | -0.1% | -4.0% | -8.8% |
| 2019 | +29.9% | +34.5% | -35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carmel Symphony Orchestera Inc 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 Carmel Symphony Orchestera Inc 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 $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Carmel Symphony Orchestera Inc
Is Carmel Symphony Orchestera Inc a legitimate charity?
Carmel Symphony Orchestera Inc (EIN: 310918565) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $770K. No red flags identified. Financial health grade: B.
How does Carmel Symphony Orchestera Inc spend its money?
Carmel Symphony Orchestera Inc reported $770K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carmel Symphony Orchestera Inc tax-deductible?
Carmel Symphony Orchestera Inc is registered as a tax-exempt nonprofit (EIN: 310918565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carmel Symphony Orchestera Inc located?
Carmel Symphony Orchestera Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 310918565. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Carmel Symphony Orchestera Inc have?
Carmel Symphony Orchestera 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 $770K in total revenue.
Filing History
IRS 990 filing history for Carmel Symphony Orchestera Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carmel Symphony Orchestera Inc's revenue has grown by 41.9%, moving from $570K to $808K. Total assets increased by 80.8% over the same period, from $293K to $529K. Total functional expenses rose by 74.2%, from $537K to $935K. In its most recent filing year (2023), Carmel Symphony Orchestera Inc reported a deficit of $127K, with expenses exceeding revenue. The organization holds $39K in liabilities against $529K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $490K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $808K | $935K | $529K | $39K | — | — |
| 2022 | $725K | $756K | $628K | $11K | — | View 990 |
| 2021 | $1.1M | $499K | $710K | $62K | — | — |
| 2020 | $751K | $808K | $149K | $67K | — | View 990 |
| 2019 | $752K | $841K | $163K | $0 | — | View 990 |
| 2018 | $579K | $626K | $253K | $0 | — | View 990 |
| 2017 | $677K | $695K | $299K | $0 | — | View 990 |
| 2016 | $624K | $616K | $317K | $0 | — | View 990 |
| 2015 | $694K | $674K | $310K | $0 | — | View 990 |
| 2014 | $597K | $599K | $362K | $0 | — | View 990 |
| 2013 | $546K | $526K | $364K | $0 | — | View 990 |
| 2012 | $617K | $575K | $344K | $0 | — | View 990 |
| 2011 | $570K | $537K | $293K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $808K, expenses of $935K, and assets of $529K (revenue +11.4% year-over-year).
- 2022: Revenue of $725K, expenses of $756K, and assets of $628K (revenue -31.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $499K, and assets of $710K (revenue +41.8% year-over-year).
- 2020: Revenue of $751K, expenses of $808K, and assets of $149K (revenue -0.1% year-over-year).
- 2019: Revenue of $752K, expenses of $841K, and assets of $163K (revenue +29.9% year-over-year).
- 2018: Revenue of $579K, expenses of $626K, and assets of $253K (revenue -14.5% year-over-year).
- 2017: Revenue of $677K, expenses of $695K, and assets of $299K (revenue +8.6% year-over-year).
- 2016: Revenue of $624K, expenses of $616K, and assets of $317K (revenue -10.2% year-over-year).
- 2015: Revenue of $694K, expenses of $674K, and assets of $310K (revenue +16.4% year-over-year).
- 2014: Revenue of $597K, expenses of $599K, and assets of $362K (revenue +9.4% year-over-year).
- 2013: Revenue of $546K, expenses of $526K, and assets of $364K (revenue -11.6% year-over-year).
- 2012: Revenue of $617K, expenses of $575K, and assets of $344K (revenue +8.4% year-over-year).
- 2011: Revenue of $570K, expenses of $537K, and assets of $293K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carmel Symphony Orchestera Inc:
Data Sources and Methodology
This transparency report for Carmel Symphony Orchestera 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.