Minnesota Youth Symphonies
EIN: 237272194 · Saint Paul, MN
| Metric | Value |
|---|---|
| Total Revenue | $491K |
| Total Expenses | $545K |
| Net Assets | $3K |
Is Minnesota Youth Symphonies Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minnesota Youth Symphonies
Minnesota Youth Symphonies (EIN: 237272194) is a nonprofit organization based in Saint Paul, MN. The organization reported total revenue of $491K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Youth Symphonies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Youth Symphonies is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $545K |
| Surplus / Deficit | $-128,346 |
| Total Assets | $48K |
| Total Liabilities | $45K |
| Net Assets | $3K |
| Operating Margin | -30.8% |
| Debt-to-Asset Ratio | 93.9% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Minnesota Youth Symphonies reported a deficit of $128K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 93.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Minnesota Youth Symphonies's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.6% | +8.1% | -67.5% |
| 2022 | +14.7% | +18.3% | +14.8% |
| 2021 | +3.1% | -22.7% | -20.6% |
| 2020 | -18.0% | -3.7% | -22.6% |
| 2019 | -34.7% | -40.6% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minnesota Youth Symphonies 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 Minnesota Youth Symphonies 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 $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.9%.
Frequently Asked Questions about Minnesota Youth Symphonies
Is Minnesota Youth Symphonies a legitimate charity?
Minnesota Youth Symphonies (EIN: 237272194) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $491K. No red flags identified. Financial health grade: D.
How does Minnesota Youth Symphonies spend its money?
Minnesota Youth Symphonies reported $491K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minnesota Youth Symphonies tax-deductible?
Minnesota Youth Symphonies is registered as a tax-exempt nonprofit (EIN: 237272194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minnesota Youth Symphonies located?
Minnesota Youth Symphonies is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 237272194.
How many years of IRS 990 filings does Minnesota Youth Symphonies have?
Minnesota Youth Symphonies 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 $491K in total revenue.
Filing History
IRS 990 filing history for Minnesota Youth Symphonies showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Minnesota Youth Symphonies's revenue has declined by 19.7%, moving from $519K to $417K. Total assets decreased by 72.2% over the same period, from $171K to $48K. Total functional expenses rose by 4.6%, from $521K to $545K. In its most recent filing year (2023), Minnesota Youth Symphonies reported a deficit of $128K, with expenses exceeding revenue. The organization holds $45K in liabilities against $48K in assets (debt-to-asset ratio: 93.9%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $545K | $48K | $45K | — | View 990 |
| 2022 | $531K | $504K | $146K | $15K | — | View 990 |
| 2021 | $463K | $426K | $127K | $23K | — | — |
| 2020 | $449K | $552K | $160K | $93K | — | View 990 |
| 2019 | $548K | $573K | $207K | $37K | — | View 990 |
| 2018 | $839K | $965K | $247K | $52K | — | — |
| 2017 | $578K | $552K | $658K | $337K | — | View 990 |
| 2016 | $543K | $508K | $318K | $22K | — | View 990 |
| 2015 | $563K | $540K | $302K | $41K | — | View 990 |
| 2014 | $558K | $510K | $260K | $22K | — | View 990 |
| 2013 | $501K | $465K | $215K | $24K | — | View 990 |
| 2012 | $519K | $521K | $171K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $545K, and assets of $48K (revenue -21.6% year-over-year).
- 2022: Revenue of $531K, expenses of $504K, and assets of $146K (revenue +14.7% year-over-year).
- 2021: Revenue of $463K, expenses of $426K, and assets of $127K (revenue +3.1% year-over-year).
- 2020: Revenue of $449K, expenses of $552K, and assets of $160K (revenue -18.0% year-over-year).
- 2019: Revenue of $548K, expenses of $573K, and assets of $207K (revenue -34.7% year-over-year).
- 2018: Revenue of $839K, expenses of $965K, and assets of $247K (revenue +45.3% year-over-year).
- 2017: Revenue of $578K, expenses of $552K, and assets of $658K (revenue +6.4% year-over-year).
- 2016: Revenue of $543K, expenses of $508K, and assets of $318K (revenue -3.5% year-over-year).
- 2015: Revenue of $563K, expenses of $540K, and assets of $302K (revenue +0.8% year-over-year).
- 2014: Revenue of $558K, expenses of $510K, and assets of $260K (revenue +11.3% year-over-year).
- 2013: Revenue of $501K, expenses of $465K, and assets of $215K (revenue -3.4% year-over-year).
- 2012: Revenue of $519K, expenses of $521K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Youth Symphonies:
Data Sources and Methodology
This transparency report for Minnesota Youth Symphonies 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.