Long Bay Symphonic Society Ltd
EIN: 570854961 · Myrtle Beach, SC
| Metric | Value |
|---|---|
| Total Revenue | $690K |
| Total Expenses | $760K |
| Net Assets | $163K |
Is Long Bay Symphonic Society Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Long Bay Symphonic Society Ltd
Long Bay Symphonic Society Ltd (EIN: 570854961) is a nonprofit organization based in Myrtle Beach, SC. The organization reported total revenue of $690K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Bay Symphonic Society Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Long Bay Symphonic Society Ltd is a small nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $774K |
| Total Expenses | $760K |
| Surplus / Deficit | +$14K |
| Total Assets | $193K |
| Total Liabilities | $30K |
| Net Assets | $163K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Long Bay Symphonic Society Ltd reported a surplus of $14K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Long Bay Symphonic Society Ltd's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +19.3% | -28.2% |
| 2022 | +72.2% | +98.6% | +22.8% |
| 2021 | -20.8% | -33.1% | +38.8% |
| 2020 | -6.4% | -9.5% | +79.0% |
| 2019 | +11.7% | +9.6% | +46.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Long Bay Symphonic Society Ltd 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 Long Bay Symphonic Society Ltd 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about Long Bay Symphonic Society Ltd
Is Long Bay Symphonic Society Ltd a legitimate charity?
Long Bay Symphonic Society Ltd (EIN: 570854961) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $690K. No red flags identified. Financial health grade: A.
How does Long Bay Symphonic Society Ltd spend its money?
Long Bay Symphonic Society Ltd reported $690K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Long Bay Symphonic Society Ltd tax-deductible?
Long Bay Symphonic Society Ltd is registered as a tax-exempt nonprofit (EIN: 570854961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Long Bay Symphonic Society Ltd located?
Long Bay Symphonic Society Ltd is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 570854961.
How many years of IRS 990 filings does Long Bay Symphonic Society Ltd have?
Long Bay Symphonic Society Ltd has 12 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 $690K in total revenue.
Filing History
IRS 990 filing history for Long Bay Symphonic Society Ltd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Long Bay Symphonic Society Ltd's revenue has grown by 59.9%, moving from $484K to $774K. Total assets increased by 85.6% over the same period, from $104K to $193K. Total functional expenses rose by 63.6%, from $465K to $760K. In its most recent filing year (2023), Long Bay Symphonic Society Ltd reported a surplus of $14K, with revenue exceeding expenses. The organization holds $30K in liabilities against $193K in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $163K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $774K | $760K | $193K | $30K | — | View 990 |
| 2022 | $680K | $637K | $269K | $119K | — | View 990 |
| 2021 | $395K | $321K | $219K | $112K | — | — |
| 2020 | $499K | $479K | $158K | $125K | — | View 990 |
| 2019 | $533K | $530K | $88K | $75K | — | View 990 |
| 2018 | $477K | $483K | $60K | $50K | — | View 990 |
| 2017 | $479K | $431K | $85K | $68K | — | View 990 |
| 2016 | $418K | $438K | $66K | $98K | — | View 990 |
| 2015 | $482K | $499K | $68K | $80K | — | View 990 |
| 2014 | $648K | $665K | $37K | $32K | — | View 990 |
| 2013 | $497K | $519K | $82K | $58K | — | View 990 |
| 2012 | $484K | $465K | $104K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $774K, expenses of $760K, and assets of $193K (revenue +13.7% year-over-year).
- 2022: Revenue of $680K, expenses of $637K, and assets of $269K (revenue +72.2% year-over-year).
- 2021: Revenue of $395K, expenses of $321K, and assets of $219K (revenue -20.8% year-over-year).
- 2020: Revenue of $499K, expenses of $479K, and assets of $158K (revenue -6.4% year-over-year).
- 2019: Revenue of $533K, expenses of $530K, and assets of $88K (revenue +11.7% year-over-year).
- 2018: Revenue of $477K, expenses of $483K, and assets of $60K (revenue -0.3% year-over-year).
- 2017: Revenue of $479K, expenses of $431K, and assets of $85K (revenue +14.6% year-over-year).
- 2016: Revenue of $418K, expenses of $438K, and assets of $66K (revenue -13.2% year-over-year).
- 2015: Revenue of $482K, expenses of $499K, and assets of $68K (revenue -25.7% year-over-year).
- 2014: Revenue of $648K, expenses of $665K, and assets of $37K (revenue +30.4% year-over-year).
- 2013: Revenue of $497K, expenses of $519K, and assets of $82K (revenue +2.8% year-over-year).
- 2012: Revenue of $484K, expenses of $465K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Bay Symphonic Society Ltd:
Data Sources and Methodology
This transparency report for Long Bay Symphonic Society Ltd 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.