Lake Washington Symphony Orchestra
EIN: 454898098 · Seattle, WA · NTEE: A69
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $296K |
| Net Assets | $816K |
Is Lake Washington 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 Lake Washington Symphony Orchestra
Lake Washington Symphony Orchestra (EIN: 454898098) is a nonprofit organization based in Seattle, WA, classified under NTEE code A69. The organization reported total revenue of $254K and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Washington Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Washington Symphony Orchestra is a small nonprofit that has been operating for 13 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $296K |
| Surplus / Deficit | $-123,918 |
| Total Assets | $833K |
| Total Liabilities | $17K |
| Net Assets | $816K |
| Operating Margin | -72.1% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 33.8 months |
Financial Health Grade: B
In 2023, Lake Washington Symphony Orchestra reported a deficit of $124K with expenses exceeding revenue, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 8 years of filings (2015–2023), Lake Washington Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +152.3% | +208.5% | -25.2% |
| 2021 | -93.9% | +54.0% | +7.0% |
| 2020 | +670.1% | -38.0% | +2433.8% |
| 2019 | +11.8% | -21.7% | +8330.4% |
| 2018 | +66.0% | +74.4% | +30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Washington 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 Lake Washington 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 deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Lake Washington Symphony Orchestra
Is Lake Washington Symphony Orchestra a legitimate charity?
Lake Washington Symphony Orchestra (EIN: 454898098) is a registered tax-exempt nonprofit based in Washington. It has 8 years of IRS 990 filings on record. Total revenue: $254K. No red flags identified. Financial health grade: B.
How does Lake Washington Symphony Orchestra spend its money?
Lake Washington Symphony Orchestra reported $254K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lake Washington Symphony Orchestra tax-deductible?
Lake Washington Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 454898098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Washington Symphony Orchestra located?
Lake Washington Symphony Orchestra is headquartered in Seattle, Washington and files with the IRS under EIN 454898098. It is classified under NTEE code A69.
How many years of IRS 990 filings does Lake Washington Symphony Orchestra have?
Lake Washington Symphony Orchestra has 8 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 $254K in total revenue.
Filing History
IRS 990 filing history for Lake Washington Symphony Orchestra showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Lake Washington Symphony Orchestra's revenue has grown by 127.3%, moving from $76K to $172K. Total assets increased by 306130.9% over the same period, from $272 to $833K. Total functional expenses rose by 231%, from $89K to $296K. In its most recent filing year (2023), Lake Washington Symphony Orchestra reported a deficit of $124K, with expenses exceeding revenue. The organization holds $17K in liabilities against $833K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $816K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $296K | $833K | $17K | — | View 990 |
| 2021 | $68K | $96K | $1.1M | $270 | — | — |
| 2020 | $1.1M | $62K | $1.0M | $1K | — | View 990 |
| 2019 | $145K | $100K | $41K | $0 | — | View 990 |
| 2018 | $129K | $128K | $487 | $4K | — | View 990 |
| 2017 | $78K | $74K | $372 | $5K | — | View 990 |
| 2016 | $73K | $71K | $1 | $9K | — | View 990 |
| 2015 | $76K | $89K | $272 | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $296K, and assets of $833K (revenue +152.3% year-over-year).
- 2021: Revenue of $68K, expenses of $96K, and assets of $1.1M (revenue -93.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $62K, and assets of $1.0M (revenue +670.1% year-over-year).
- 2019: Revenue of $145K, expenses of $100K, and assets of $41K (revenue +11.8% year-over-year).
- 2018: Revenue of $129K, expenses of $128K, and assets of $487 (revenue +66.0% year-over-year).
- 2017: Revenue of $78K, expenses of $74K, and assets of $372 (revenue +7.4% year-over-year).
- 2016: Revenue of $73K, expenses of $71K, and assets of $1 (revenue -4.1% year-over-year).
- 2015: Revenue of $76K, expenses of $89K, and assets of $272.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Washington Symphony Orchestra:
Data Sources and Methodology
This transparency report for Lake Washington 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.