Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc
EIN: 346003828 · Akron, OH · NTEE: A690
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Net Assets | $295K |
Is Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc (EIN: 346003828) is a nonprofit organization based in Akron, OH, classified under NTEE code A690. The organization reported total revenue of $1.8M and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$115K |
| Total Assets | $479K |
| Total Liabilities | $183K |
| Net Assets | $295K |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 38.3% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc reported a surplus of $115K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 38.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +15.0% | -44.4% |
| 2022 | +62.5% | +43.0% | +19.5% |
| 2021 | -16.0% | -24.9% | +70.8% |
| 2020 | -18.1% | -17.9% | +204.5% |
| 2019 | -14.6% | -13.4% | -27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc 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 Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc 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 $115K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.3%.
Frequently Asked Questions about Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc
Is Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc a legitimate charity?
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc (EIN: 346003828) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: A.
How does Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc spend its money?
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc reported $1.8M 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 Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc tax-deductible?
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc is registered as a tax-exempt nonprofit (EIN: 346003828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc located?
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc is headquartered in Akron, Ohio and files with the IRS under EIN 346003828. It is classified under NTEE code A690.
How many years of IRS 990 filings does Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc have?
Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc's revenue has grown by 32.2%, moving from $1.4M to $1.9M. Total assets increased by 99.2% over the same period, from $240K to $479K. Total functional expenses rose by 4.3%, from $1.7M to $1.8M. In its most recent filing year (2023), Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc reported a surplus of $115K, with revenue exceeding expenses. The organization holds $183K in liabilities against $479K in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $479K | $183K | — | View 990 |
| 2022 | $1.9M | $1.5M | $861K | $687K | — | View 990 |
| 2021 | $1.2M | $1.1M | $721K | $949K | — | View 990 |
| 2020 | $1.4M | $1.4M | $422K | $768K | — | View 990 |
| 2019 | $1.7M | $1.8M | $139K | $472K | — | View 990 |
| 2018 | $2.0M | $2.0M | $192K | $513K | — | View 990 |
| 2017 | $1.9M | $1.9M | $213K | $547K | — | View 990 |
| 2016 | $1.8M | $2.0M | $165K | $412K | — | View 990 |
| 2015 | $2.0M | $1.9M | $286K | $318K | — | View 990 |
| 2014 | $1.8M | $1.7M | $166K | $314K | — | View 990 |
| 2013 | $1.6M | $1.6M | $235K | $480K | — | View 990 |
| 2012 | $1.6M | $1.7M | $233K | $491K | — | View 990 |
| 2011 | $1.4M | $1.7M | $240K | $382K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $479K (revenue -2.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $861K (revenue +62.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $721K (revenue -16.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $422K (revenue -18.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $139K (revenue -14.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $192K (revenue +9.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $213K (revenue +5.4% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.0M, and assets of $165K (revenue -12.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $286K (revenue +11.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $166K (revenue +12.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $235K (revenue +2.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $233K (revenue +9.9% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.7M, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc:
Data Sources and Methodology
This transparency report for Greater Akron Musical Association Inc Sponsor For Akron Symphony Orc 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.