Durham Symphony Incorporated
EIN: 561162641 · Durham, NC · NTEE: A69Z
| Metric | Value |
|---|---|
| Total Revenue | $276K |
| Total Expenses | $152K |
| Net Assets | $102K |
Is Durham Symphony Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Durham Symphony Incorporated
Durham Symphony Incorporated (EIN: 561162641) is a nonprofit organization based in Durham, NC, classified under NTEE code A69Z. The organization reported total revenue of $276K and total assets of $365K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Durham Symphony Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Durham Symphony Incorporated is a small nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $152K |
| Surplus / Deficit | +$27K |
| Total Assets | $112K |
| Total Liabilities | $11K |
| Net Assets | $102K |
| Operating Margin | 15.0% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2024, Durham Symphony Incorporated reported a surplus of $27K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), Durham Symphony Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +102.3% | +61.8% | +52.8% |
| 2023 | -1.7% | +41.7% | -21.4% |
| 2022 | +57.4% | +116.2% | +13.3% |
| 2021 | -14.7% | -44.0% | +116.5% |
| 2020 | -13.6% | -39.6% | +460.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Durham Symphony Incorporated 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 Durham Symphony Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Frequently Asked Questions about Durham Symphony Incorporated
Is Durham Symphony Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Durham Symphony Incorporated (EIN: 561162641) insufficient data. 0 red flags identified, 0 strengths noted.
How does Durham Symphony Incorporated spend its money?
Detailed spending breakdown data is not yet available for Durham Symphony Incorporated. Check back for updated IRS 990 analysis.
Are donations to Durham Symphony Incorporated tax-deductible?
Durham Symphony Incorporated is registered as a tax-exempt nonprofit (EIN: 561162641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Durham Symphony Incorporated located?
Durham Symphony Incorporated is headquartered in Durham, North Carolina and files with the IRS under EIN 561162641. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Durham Symphony Incorporated have?
Durham Symphony Incorporated 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 $276K in total revenue.
Filing History
IRS 990 filing history for Durham Symphony Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Durham Symphony Incorporated's revenue has grown by 23.8%, moving from $145K to $179K. Total assets increased by 660.8% over the same period, from $15K to $112K. Total functional expenses rose by 10.7%, from $138K to $152K. In its most recent filing year (2024), Durham Symphony Incorporated reported a surplus of $27K, with revenue exceeding expenses. The organization holds $11K in liabilities against $112K in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $179K | $152K | $112K | $11K | — | — |
| 2023 | $88K | $94K | $74K | $0 | — | View 990 |
| 2022 | $90K | $66K | $94K | $14K | — | View 990 |
| 2021 | $57K | $31K | $83K | $27K | — | View 990 |
| 2020 | $67K | $55K | $38K | $9K | — | View 990 |
| 2019 | $78K | $91K | $7K | $0 | — | View 990 |
| 2018 | $105K | $99K | $21K | $0 | — | View 990 |
| 2016 | $121K | $134K | $30K | $0 | — | View 990 |
| 2015 | $117K | $100K | $43K | $0 | — | View 990 |
| 2014 | $94K | $120K | $28K | $0 | — | View 990 |
| 2013 | $162K | $123K | $53K | $0 | — | View 990 |
| 2012 | $145K | $138K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $179K, expenses of $152K, and assets of $112K (revenue +102.3% year-over-year).
- 2023: Revenue of $88K, expenses of $94K, and assets of $74K (revenue -1.7% year-over-year).
- 2022: Revenue of $90K, expenses of $66K, and assets of $94K (revenue +57.4% year-over-year).
- 2021: Revenue of $57K, expenses of $31K, and assets of $83K (revenue -14.7% year-over-year).
- 2020: Revenue of $67K, expenses of $55K, and assets of $38K (revenue -13.6% year-over-year).
- 2019: Revenue of $78K, expenses of $91K, and assets of $7K (revenue -26.4% year-over-year).
- 2018: Revenue of $105K, expenses of $99K, and assets of $21K (revenue -12.8% year-over-year).
- 2016: Revenue of $121K, expenses of $134K, and assets of $30K (revenue +3.0% year-over-year).
- 2015: Revenue of $117K, expenses of $100K, and assets of $43K (revenue +24.8% year-over-year).
- 2014: Revenue of $94K, expenses of $120K, and assets of $28K (revenue -41.9% year-over-year).
- 2013: Revenue of $162K, expenses of $123K, and assets of $53K (revenue +11.9% year-over-year).
- 2012: Revenue of $145K, expenses of $138K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Durham Symphony Incorporated:
Data Sources and Methodology
This transparency report for Durham Symphony Incorporated 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.