Illinois Philharmonic Orchestra
EIN: 363293300 · Park Forest, IL · NTEE: A690
Is Illinois Philharmonic Orchestra Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Philharmonic Orchestra
Illinois Philharmonic Orchestra (EIN: 363293300) is a nonprofit organization based in Park Forest, IL, classified under NTEE code A690. The organization reported total revenue of $2.9M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Philharmonic Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Philharmonic Orchestra is a mid-size nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $931K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-191,455 |
| Total Assets | $4.6M |
| Total Liabilities | $99K |
| Net Assets | $4.5M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 49.6 months |
Financial Health Grade: B
In 2024, Illinois Philharmonic Orchestra reported a deficit of $191K with expenses exceeding revenue, holds 49.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Illinois Philharmonic Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.3% | +5.6% | +4.6% |
| 2023 | -15.6% | +11.5% | -2.9% |
| 2022 | +25.0% | +52.9% | -2.7% |
| 2021 | +24.1% | -30.7% | +39.8% |
| 2020 | -20.8% | +1.3% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Philharmonic 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 Illinois Philharmonic 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Illinois Philharmonic Orchestra
Is Illinois Philharmonic Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Philharmonic Orchestra (EIN: 363293300) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Philharmonic Orchestra spend its money?
Detailed spending breakdown data is not yet available for Illinois Philharmonic Orchestra. Check back for updated IRS 990 analysis.
Are donations to Illinois Philharmonic Orchestra tax-deductible?
Illinois Philharmonic Orchestra is registered as a tax-exempt nonprofit (EIN: 363293300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Illinois Philharmonic Orchestra showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Illinois Philharmonic Orchestra's revenue has grown by 34.6%, moving from $692K to $931K. Total assets increased by 9148.7% over the same period, from $50K to $4.6M. Total functional expenses rose by 66.9%, from $673K to $1.1M. In its most recent filing year (2024), Illinois Philharmonic Orchestra reported a deficit of $191K, with expenses exceeding revenue. The organization holds $99K in liabilities against $4.6M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $931K | $1.1M | $4.6M | $99K | — | View 990 |
| 2023 | $1.2M | $1.1M | $4.4M | $93K | — | View 990 |
| 2022 | $1.4M | $954K | $4.6M | $91K | — | View 990 |
| 2021 | $1.1M | $624K | $4.7M | $213K | — | — |
| 2020 | $916K | $900K | $3.4M | $187K | — | View 990 |
| 2019 | $1.2M | $889K | $3.3M | $167K | — | View 990 |
| 2018 | $3.8M | $787K | $3.1M | $143K | — | View 990 |
| 2017 | $679K | $665K | $69K | $149K | — | View 990 |
| 2016 | $800K | $795K | $54K | $149K | — | View 990 |
| 2015 | $797K | $796K | $53K | $152K | — | View 990 |
| 2014 | $728K | $727K | $22K | $122K | — | View 990 |
| 2013 | $682K | $676K | $60K | $161K | — | View 990 |
| 2012 | $641K | $581K | $48K | $155K | — | View 990 |
| 2011 | $692K | $673K | $50K | $218K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $931K, expenses of $1.1M, and assets of $4.6M (revenue -22.3% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $4.4M (revenue -15.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $954K, and assets of $4.6M (revenue +25.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $624K, and assets of $4.7M (revenue +24.1% year-over-year).
- 2020: Revenue of $916K, expenses of $900K, and assets of $3.4M (revenue -20.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $889K, and assets of $3.3M (revenue -69.6% year-over-year).
- 2018: Revenue of $3.8M, expenses of $787K, and assets of $3.1M (revenue +459.8% year-over-year).
- 2017: Revenue of $679K, expenses of $665K, and assets of $69K (revenue -15.1% year-over-year).
- 2016: Revenue of $800K, expenses of $795K, and assets of $54K (revenue +0.4% year-over-year).
- 2015: Revenue of $797K, expenses of $796K, and assets of $53K (revenue +9.5% year-over-year).
- 2014: Revenue of $728K, expenses of $727K, and assets of $22K (revenue +6.6% year-over-year).
- 2013: Revenue of $682K, expenses of $676K, and assets of $60K (revenue +6.4% year-over-year).
- 2012: Revenue of $641K, expenses of $581K, and assets of $48K (revenue -7.4% year-over-year).
- 2011: Revenue of $692K, expenses of $673K, and assets of $50K.
Data Sources and Methodology
This transparency report for Illinois Philharmonic 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.