Minot Symphony Association Inc
EIN: 450282975 · Minot, ND · NTEE: A69Z
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $189K |
| Net Assets | $958K |
Is Minot Symphony Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minot Symphony Association Inc
Minot Symphony Association Inc (EIN: 450282975) is a nonprofit organization based in Minot, ND, classified under NTEE code A69Z. The organization reported total revenue of $736K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minot Symphony Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minot Symphony Association Inc is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $189K |
| Surplus / Deficit | $-25,398 |
| Total Assets | $977K |
| Total Liabilities | $19K |
| Net Assets | $958K |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 62.1 months |
Financial Health Grade: B
In 2023, Minot Symphony Association Inc reported a deficit of $25K with expenses exceeding revenue, holds 62.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minot Symphony Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.3% | -4.4% | +3.4% |
| 2022 | +31.2% | +87.0% | -2.6% |
| 2021 | +32.5% | -24.0% | +25.3% |
| 2020 | -3.4% | -9.8% | +5.2% |
| 2019 | +0.4% | +5.9% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minot Symphony Association 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 Minot Symphony Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Minot Symphony Association Inc
Is Minot Symphony Association Inc a legitimate charity?
Minot Symphony Association Inc (EIN: 450282975) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $736K. No red flags identified. Financial health grade: B.
How does Minot Symphony Association Inc spend its money?
Minot Symphony Association Inc reported $736K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minot Symphony Association Inc tax-deductible?
Minot Symphony Association Inc is registered as a tax-exempt nonprofit (EIN: 450282975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minot Symphony Association Inc located?
Minot Symphony Association Inc is headquartered in Minot, North Dakota and files with the IRS under EIN 450282975. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Minot Symphony Association Inc have?
Minot Symphony Association Inc has 13 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 $736K in total revenue.
Filing History
IRS 990 filing history for Minot Symphony Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minot Symphony Association Inc's revenue has declined by 6.3%, moving from $174K to $163K. Total assets increased by 91.7% over the same period, from $510K to $977K. Total functional expenses rose by 65.2%, from $114K to $189K. In its most recent filing year (2023), Minot Symphony Association Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $19K in liabilities against $977K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $958K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $189K | $977K | $19K | — | View 990 |
| 2022 | $322K | $197K | $945K | $25K | — | View 990 |
| 2021 | $246K | $105K | $970K | $20 | — | View 990 |
| 2020 | $185K | $139K | $774K | $20K | — | View 990 |
| 2019 | $192K | $154K | $736K | $21K | — | View 990 |
| 2018 | $191K | $145K | $688K | $23K | — | View 990 |
| 2017 | $201K | $186K | $630K | $23K | — | View 990 |
| 2016 | $163K | $200K | $654K | $27K | — | View 990 |
| 2015 | $192K | $137K | $657K | $22K | — | View 990 |
| 2014 | $171K | $136K | $637K | $15K | — | View 990 |
| 2013 | $93K | $102K | $552K | $11K | — | View 990 |
| 2012 | $123K | $105K | $527K | $0 | — | View 990 |
| 2011 | $174K | $114K | $510K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $189K, and assets of $977K (revenue -49.3% year-over-year).
- 2022: Revenue of $322K, expenses of $197K, and assets of $945K (revenue +31.2% year-over-year).
- 2021: Revenue of $246K, expenses of $105K, and assets of $970K (revenue +32.5% year-over-year).
- 2020: Revenue of $185K, expenses of $139K, and assets of $774K (revenue -3.4% year-over-year).
- 2019: Revenue of $192K, expenses of $154K, and assets of $736K (revenue +0.4% year-over-year).
- 2018: Revenue of $191K, expenses of $145K, and assets of $688K (revenue -4.9% year-over-year).
- 2017: Revenue of $201K, expenses of $186K, and assets of $630K (revenue +23.4% year-over-year).
- 2016: Revenue of $163K, expenses of $200K, and assets of $654K (revenue -14.9% year-over-year).
- 2015: Revenue of $192K, expenses of $137K, and assets of $657K (revenue +11.9% year-over-year).
- 2014: Revenue of $171K, expenses of $136K, and assets of $637K (revenue +84.1% year-over-year).
- 2013: Revenue of $93K, expenses of $102K, and assets of $552K (revenue -24.6% year-over-year).
- 2012: Revenue of $123K, expenses of $105K, and assets of $527K (revenue -29.2% year-over-year).
- 2011: Revenue of $174K, expenses of $114K, and assets of $510K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minot Symphony Association Inc:
Data Sources and Methodology
This transparency report for Minot Symphony Association 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.