Lexington Philharmonic Orchestra Foundation Inc
EIN: 310951921 · Lexington, KY · NTEE: A19
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $261K |
| Net Assets | $3.0M |
Is Lexington Philharmonic Orchestra Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lexington Philharmonic Orchestra Foundation Inc
Lexington Philharmonic Orchestra Foundation Inc (EIN: 310951921) is a nonprofit organization based in Lexington, KY, classified under NTEE code A19. The organization reported total revenue of $151K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Philharmonic Orchestra Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Philharmonic Orchestra Foundation Inc is a small nonprofit that has been operating for 4 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $146K |
| Total Expenses | $261K |
| Surplus / Deficit | $-115,183 |
| Total Assets | $3.0M |
| Net Assets | $3.0M |
| Operating Margin | -79.1% |
| Months of Reserves | 137.6 months |
Financial Health Grade: B
In 2024, Lexington Philharmonic Orchestra Foundation Inc reported a deficit of $115K with expenses exceeding revenue, holds 137.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Lexington Philharmonic Orchestra Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -17.8% | +53.0% | +3.8% |
| 2023 | +1.4% | +8.8% | +5.6% |
| 2022 | -59.2% | +12.2% | -18.4% |
| 2021 | +352.3% | -1.3% | +22.6% |
| 2020 | -28.0% | -9.3% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lexington Philharmonic Orchestra Foundation Inc 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 Lexington Philharmonic Orchestra Foundation Inc 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 $115K, with expenses exceeding revenue.
Frequently Asked Questions about Lexington Philharmonic Orchestra Foundation Inc
Is Lexington Philharmonic Orchestra Foundation Inc a legitimate charity?
Lexington Philharmonic Orchestra Foundation Inc (EIN: 310951921) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $151K. No red flags identified. Financial health grade: B.
How does Lexington Philharmonic Orchestra Foundation Inc spend its money?
Lexington Philharmonic Orchestra Foundation Inc reported $151K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lexington Philharmonic Orchestra Foundation Inc tax-deductible?
Lexington Philharmonic Orchestra Foundation Inc is registered as a tax-exempt nonprofit (EIN: 310951921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lexington Philharmonic Orchestra Foundation Inc located?
Lexington Philharmonic Orchestra Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 310951921. It is classified under NTEE code A19.
How many years of IRS 990 filings does Lexington Philharmonic Orchestra Foundation Inc have?
Lexington Philharmonic Orchestra Foundation Inc has 14 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 $151K in total revenue.
Filing History
IRS 990 filing history for Lexington Philharmonic Orchestra Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lexington Philharmonic Orchestra Foundation Inc's revenue has declined by 47.4%, moving from $277K to $146K. Total assets increased by 38.9% over the same period, from $2.2M to $3.0M. Total functional expenses rose by 70.1%, from $153K to $261K. In its most recent filing year (2024), Lexington Philharmonic Orchestra Foundation Inc reported a deficit of $115K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $146K | $261K | $3.0M | $0 | — | — |
| 2023 | $177K | $170K | $2.9M | $0 | — | View 990 |
| 2022 | $175K | $157K | $2.7M | $0 | — | View 990 |
| 2021 | $429K | $140K | $3.3M | $0 | — | — |
| 2020 | $95K | $141K | $2.7M | $500 | — | View 990 |
| 2019 | $132K | $156K | $2.7M | $0 | — | View 990 |
| 2018 | $257K | $169K | $2.8M | $0 | — | View 990 |
| 2017 | $349K | $141K | $2.6M | $0 | — | View 990 |
| 2016 | $130K | $165K | $2.4M | $0 | — | View 990 |
| 2015 | $161K | $145K | $2.6M | $0 | — | View 990 |
| 2014 | $317K | $154K | $2.7M | $248 | — | View 990 |
| 2013 | $334K | $140K | $2.3M | $4K | — | View 990 |
| 2012 | $120K | $271K | $1.9M | $0 | — | View 990 |
| 2011 | $277K | $153K | $2.2M | $232 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $146K, expenses of $261K, and assets of $3.0M (revenue -17.8% year-over-year).
- 2023: Revenue of $177K, expenses of $170K, and assets of $2.9M (revenue +1.4% year-over-year).
- 2022: Revenue of $175K, expenses of $157K, and assets of $2.7M (revenue -59.2% year-over-year).
- 2021: Revenue of $429K, expenses of $140K, and assets of $3.3M (revenue +352.3% year-over-year).
- 2020: Revenue of $95K, expenses of $141K, and assets of $2.7M (revenue -28.0% year-over-year).
- 2019: Revenue of $132K, expenses of $156K, and assets of $2.7M (revenue -48.8% year-over-year).
- 2018: Revenue of $257K, expenses of $169K, and assets of $2.8M (revenue -26.3% year-over-year).
- 2017: Revenue of $349K, expenses of $141K, and assets of $2.6M (revenue +168.6% year-over-year).
- 2016: Revenue of $130K, expenses of $165K, and assets of $2.4M (revenue -19.5% year-over-year).
- 2015: Revenue of $161K, expenses of $145K, and assets of $2.6M (revenue -49.1% year-over-year).
- 2014: Revenue of $317K, expenses of $154K, and assets of $2.7M (revenue -5.2% year-over-year).
- 2013: Revenue of $334K, expenses of $140K, and assets of $2.3M (revenue +179.5% year-over-year).
- 2012: Revenue of $120K, expenses of $271K, and assets of $1.9M (revenue -56.8% year-over-year).
- 2011: Revenue of $277K, expenses of $153K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Philharmonic Orchestra Foundation Inc:
Data Sources and Methodology
This transparency report for Lexington Philharmonic Orchestra Foundation Inc 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.