Federal Way Symphony Orchestra
EIN: 237310860 · Federal Way, WA · NTEE: A69Z
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $228K |
| Net Assets | $54K |
Is Federal Way Symphony Orchestra Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Federal Way Symphony Orchestra
Federal Way Symphony Orchestra (EIN: 237310860) is a nonprofit organization based in Federal Way, WA, classified under NTEE code A69Z. The organization reported total revenue of $186K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federal Way Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Federal Way Symphony Orchestra is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $228K |
| Surplus / Deficit | +$13K |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | 5.5% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2023, Federal Way Symphony Orchestra reported a surplus of $13K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Federal Way Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.5% | +50.5% | +33.1% |
| 2022 | +73.8% | +60.0% | +79.6% |
| 2021 | -22.6% | -16.8% | -52.3% |
| 2020 | -37.4% | -49.6% | +100.6% |
| 2019 | -5.2% | +3.5% | -33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Federal Way Symphony Orchestra 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 Federal Way Symphony Orchestra 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 surplus of $13K, with revenue exceeding expenses.
Frequently Asked Questions about Federal Way Symphony Orchestra
Is Federal Way Symphony Orchestra a legitimate charity?
Federal Way Symphony Orchestra (EIN: 237310860) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $186K. No red flags identified. Financial health grade: A.
How does Federal Way Symphony Orchestra spend its money?
Federal Way Symphony Orchestra reported $186K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Federal Way Symphony Orchestra tax-deductible?
Federal Way Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 237310860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Federal Way Symphony Orchestra located?
Federal Way Symphony Orchestra is headquartered in Federal Way, Washington and files with the IRS under EIN 237310860. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Federal Way Symphony Orchestra have?
Federal Way Symphony Orchestra 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 $186K in total revenue.
Filing History
IRS 990 filing history for Federal Way Symphony Orchestra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Federal Way Symphony Orchestra's revenue has grown by 22.6%, moving from $197K to $241K. Total assets decreased by 62.2% over the same period, from $142K to $54K. Total functional expenses rose by 19.9%, from $190K to $228K. In its most recent filing year (2023), Federal Way Symphony Orchestra reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $228K | $54K | $0 | — | — |
| 2022 | $169K | $151K | $40K | $0 | — | View 990 |
| 2021 | $97K | $95K | $22K | $0 | — | View 990 |
| 2020 | $126K | $114K | $47K | $24K | — | View 990 |
| 2019 | $201K | $226K | $23K | $13K | — | View 990 |
| 2018 | $212K | $218K | $35K | $0 | — | View 990 |
| 2017 | $194K | $173K | $41K | $0 | — | View 990 |
| 2016 | $156K | $202K | $18K | $0 | — | View 990 |
| 2015 | $162K | $197K | $64K | $0 | — | View 990 |
| 2014 | $131K | $202K | $98K | $0 | — | View 990 |
| 2013 | $185K | $181K | $169K | $0 | — | View 990 |
| 2012 | $224K | $196K | $171K | $300 | — | View 990 |
| 2011 | $197K | $190K | $142K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $228K, and assets of $54K (revenue +42.5% year-over-year).
- 2022: Revenue of $169K, expenses of $151K, and assets of $40K (revenue +73.8% year-over-year).
- 2021: Revenue of $97K, expenses of $95K, and assets of $22K (revenue -22.6% year-over-year).
- 2020: Revenue of $126K, expenses of $114K, and assets of $47K (revenue -37.4% year-over-year).
- 2019: Revenue of $201K, expenses of $226K, and assets of $23K (revenue -5.2% year-over-year).
- 2018: Revenue of $212K, expenses of $218K, and assets of $35K (revenue +9.1% year-over-year).
- 2017: Revenue of $194K, expenses of $173K, and assets of $41K (revenue +24.8% year-over-year).
- 2016: Revenue of $156K, expenses of $202K, and assets of $18K (revenue -4.1% year-over-year).
- 2015: Revenue of $162K, expenses of $197K, and assets of $64K (revenue +24.2% year-over-year).
- 2014: Revenue of $131K, expenses of $202K, and assets of $98K (revenue -29.1% year-over-year).
- 2013: Revenue of $185K, expenses of $181K, and assets of $169K (revenue -17.8% year-over-year).
- 2012: Revenue of $224K, expenses of $196K, and assets of $171K (revenue +14.0% year-over-year).
- 2011: Revenue of $197K, expenses of $190K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Federal Way Symphony Orchestra:
Data Sources and Methodology
This transparency report for Federal Way Symphony Orchestra 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.