Florence Symphony Guild
Florence Symphony Guild maintains strong asset growth and zero liabilities with volunteer leadership.
EIN: 205877402 · Florence, SC · NTEE: A116 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $11K |
| Program Spending | 90% |
| Net Assets | $174K |
| Transparency Score | 92/100 |
Is Florence Symphony Guild Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florence Symphony Guild directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florence Symphony Guild
Florence Symphony Guild (EIN: 205877402) is a nonprofit organization based in Florence, SC, classified under NTEE code A116. The organization reported total revenue of $71K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Symphony Guild's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence Symphony Guild is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $11K |
| Surplus / Deficit | +$39K |
| Total Assets | $174K |
| Net Assets | $174K |
| Operating Margin | 78.6% |
| Months of Reserves | 197.2 months |
Financial Health Grade: A
In 2024, Florence Symphony Guild reported a surplus of $39K with revenue exceeding expenses, holds 197.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Florence Symphony Guild's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.3% | -76.1% | +34.7% |
| 2023 | +25.3% | +54.3% | +8.3% |
| 2022 | +108.4% | -17.2% | +1.2% |
| 2021 | -45.9% | -17.9% | -11.8% |
| 2020 | -36.6% | +5.7% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Florence Symphony Guild with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Florence Symphony Guild allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is entirely volunteer-led. This is highly commendable for an organization of its size, allowing all funds to be directed towards its mission.
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.
Strengths
The following positive indicators were identified for Florence Symphony Guild:
- Consistent zero liabilities across all filings.
- Strong asset growth from $114,974 in 2015 to $173,799 in 2024.
- 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent filing history with 13 available IRS 990s, demonstrating transparency.
- Significant surplus in the most recent filing (2024) with revenue of $49,333 against expenses of $10,577.
Frequently Asked Questions about Florence Symphony Guild
Is Florence Symphony Guild a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence Symphony Guild (EIN: 205877402) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Florence Symphony Guild spend its money?
Florence Symphony Guild directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Florence Symphony Guild tax-deductible?
Florence Symphony Guild is registered as a tax-exempt nonprofit (EIN: 205877402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Florence Symphony Guild's spending goes to programs?
Florence Symphony Guild directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Florence Symphony Guild compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Florence Symphony Guild is above average for NTEE category A116 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florence Symphony Guild located?
Florence Symphony Guild is headquartered in Florence, South Carolina and files with the IRS under EIN 205877402. It is classified under NTEE code A116.
How many years of IRS 990 filings does Florence Symphony Guild have?
Florence Symphony Guild 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 $71K in total revenue.
Is Florence Symphony Guild a good charity?
Based on the available data, the Florence Symphony Guild appears to be a very good charity. It maintains zero liabilities, has growing assets, and operates with 0% officer compensation, indicating strong financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $114,974 in 2015 to $173,799 in 2024. Liabilities have consistently remained at $0, demonstrating excellent financial management.
What is the trend in revenue and expenses?
Revenue has fluctuated, ranging from a low of $18,936 in 2021 to a high of $55,267 in 2019. Expenses have also varied, but the organization has generally managed to maintain a positive net position, especially in the most recent period (2024) with $49,333 in revenue against $10,577 in expenses.
Filing History
IRS 990 filing history for Florence Symphony Guild showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Florence Symphony Guild's revenue has declined by 8.5%, moving from $54K to $49K. Total assets increased by 97.3% over the same period, from $88K to $174K. Total functional expenses fell by 71.8%, from $38K to $11K. In its most recent filing year (2024), Florence Symphony Guild reported a surplus of $39K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $49K | $11K | $174K | $0 | — | — |
| 2023 | $49K | $44K | $129K | $0 | — | View 990 |
| 2022 | $39K | $29K | $119K | $0 | — | — |
| 2021 | $19K | $35K | $118K | $0 | — | — |
| 2020 | $35K | $42K | $133K | $0 | — | View 990 |
| 2019 | $55K | $40K | $141K | $0 | — | View 990 |
| 2018 | $47K | $42K | $125K | $0 | — | View 990 |
| 2017 | $46K | $47K | $120K | $0 | — | View 990 |
| 2016 | $46K | $41K | $120K | $0 | — | View 990 |
| 2015 | $46K | $43K | $115K | $0 | — | View 990 |
| 2014 | $53K | $41K | $112K | $0 | — | View 990 |
| 2013 | $49K | $38K | $99K | $0 | — | View 990 |
| 2012 | $54K | $38K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $49K, expenses of $11K, and assets of $174K (revenue -0.3% year-over-year).
- 2023: Revenue of $49K, expenses of $44K, and assets of $129K (revenue +25.3% year-over-year).
- 2022: Revenue of $39K, expenses of $29K, and assets of $119K (revenue +108.4% year-over-year).
- 2021: Revenue of $19K, expenses of $35K, and assets of $118K (revenue -45.9% year-over-year).
- 2020: Revenue of $35K, expenses of $42K, and assets of $133K (revenue -36.6% year-over-year).
- 2019: Revenue of $55K, expenses of $40K, and assets of $141K (revenue +16.7% year-over-year).
- 2018: Revenue of $47K, expenses of $42K, and assets of $125K (revenue +2.9% year-over-year).
- 2017: Revenue of $46K, expenses of $47K, and assets of $120K (revenue +0.3% year-over-year).
- 2016: Revenue of $46K, expenses of $41K, and assets of $120K (revenue -0.9% year-over-year).
- 2015: Revenue of $46K, expenses of $43K, and assets of $115K (revenue -13.3% year-over-year).
- 2014: Revenue of $53K, expenses of $41K, and assets of $112K (revenue +8.3% year-over-year).
- 2013: Revenue of $49K, expenses of $38K, and assets of $99K (revenue -8.5% year-over-year).
- 2012: Revenue of $54K, expenses of $38K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence Symphony Guild:
Data Sources and Methodology
This transparency report for Florence Symphony Guild 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.