Newark Granville Symphony Orchestra Inc

Newark Granville Symphony Orchestra reports a deficit in 2023 with increased liabilities, maintaining 0% officer compensation.

EIN: 202823408 · Granville, OH · NTEE: A69 · Updated: 2026-03-28

$483KRevenue

$390KAssets

85/100Mission Score (Excellent)

A69

About Newark Granville Symphony Orchestra Inc

Newark Granville Symphony Orchestra Inc (EIN: 202823408) is a nonprofit organization based in Granville, OH, classified under NTEE code A69. The organization reported total revenue of $483K and total assets of $390K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Granville Symphony Orchestra Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Newark Granville Symphony Orchestra Inc. demonstrates a generally stable financial history, with revenues and expenses fluctuating but remaining within a manageable range over the past decade. The organization's latest filing (Period 202306) shows expenses exceeding revenue by $37,788 ($314,717 vs $276,929), which led to a decrease in assets from $321,759 in 2022 to $284,366 in 2023. This trend of expenses occasionally surpassing revenue is not uncommon for arts organizations, but consistent deficits could impact long-term sustainability.

The organization's transparency is strong regarding executive compensation, as officer compensation has consistently been reported as 0% across all available filings. This indicates a volunteer-led or very lean administrative structure at the top. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a focus on directing funds towards the mission. The significant liability of $395,000 in 2023, compared to $0 in 2022, warrants further investigation to understand its nature and potential impact on financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Newark Granville Symphony Orchestra Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Newark Granville Symphony Orchestra Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led executive team or that top leadership roles are unpaid, which is a positive sign for directing funds to the mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Newark Granville Symphony Orchestra Inc's IRS 990 filings:

Significant increase in liabilities from $0 in 2022 to $395,000 in 2023, requiring further investigation.
Expenses ($314,717) exceeded revenue ($276,929) in the latest filing (202306), leading to a decrease in assets.

Strengths

The following positive indicators were identified for Newark Granville Symphony Orchestra Inc:

Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards the mission.
Long operating history with 13 IRS 990 filings, suggesting organizational stability.
Maintained a positive asset balance throughout its history, demonstrating financial solvency.

Frequently Asked Questions about Newark Granville Symphony Orchestra Inc

What caused the significant increase in liabilities from $0 in 2022 to $395,000 in 2023?

The provided data does not specify the nature of this liability. It could be related to a capital project, a loan, or deferred revenue, and would require reviewing the full IRS Form 990 for Period 202306 to understand its composition and implications.

How does the organization plan to address the recent deficit where expenses ($314,717) exceeded revenue ($276,929) in 2023?

The summary data does not provide details on future financial strategies. A review of their annual report or financial statements would be necessary to understand their plans for balancing the budget.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of these categories. A full IRS Form 990 would contain this information, typically in Part IX, Statement of Functional Expenses.

Filing History

IRS 990 filing history for Newark Granville Symphony Orchestra Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Newark Granville Symphony Orchestra Inc's revenue has declined by 10.6%, moving from $310K to $277K. Total assets increased by 2487.7% over the same period, from $11K to $284K. Total functional expenses rose by 6.4%, from $296K to $315K. In its most recent filing year (2023), Newark Granville Symphony Orchestra Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $395 in liabilities against $284K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $284K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$277K	$315K	$284K	$395	—	—
2022	$229K	$281K	$322K	$0	—	View 990
2021	$203K	$122K	$374K	$271	—	View 990
2020	$168K	$162K	$293K	$271	—	View 990
2019	$246K	$203K	$288K	$121	—	View 990
2018	$229K	$190K	$250K	$5K	—	View 990
2017	$176K	$166K	$232K	$26K	—	—
2016	$202K	$180K	$214K	$18K	—	View 990
2015	$162K	$140K	$207K	$34K	—	View 990
2014	$213K	$226K	$6K	$22K	—	View 990
2013	$226K	$204K	$22K	$24K	—	View 990
2012	$240K	$238K	$2K	$26K	—	View 990
2011	$310K	$296K	$11K	$36K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $277K, expenses of $315K, and assets of $284K (revenue +20.9% year-over-year).
2022: Revenue of $229K, expenses of $281K, and assets of $322K (revenue +12.6% year-over-year).
2021: Revenue of $203K, expenses of $122K, and assets of $374K (revenue +21.2% year-over-year).
2020: Revenue of $168K, expenses of $162K, and assets of $293K (revenue -31.6% year-over-year).
2019: Revenue of $246K, expenses of $203K, and assets of $288K (revenue +7.2% year-over-year).
2018: Revenue of $229K, expenses of $190K, and assets of $250K (revenue +30.1% year-over-year).
2017: Revenue of $176K, expenses of $166K, and assets of $232K (revenue -12.8% year-over-year).
2016: Revenue of $202K, expenses of $180K, and assets of $214K (revenue +24.9% year-over-year).
2015: Revenue of $162K, expenses of $140K, and assets of $207K (revenue -24.1% year-over-year).
2014: Revenue of $213K, expenses of $226K, and assets of $6K (revenue -5.8% year-over-year).
2013: Revenue of $226K, expenses of $204K, and assets of $22K (revenue -5.7% year-over-year).
2012: Revenue of $240K, expenses of $238K, and assets of $2K (revenue -22.6% year-over-year).
2011: Revenue of $310K, expenses of $296K, and assets of $11K.

Data Sources and Methodology

This transparency report for Newark Granville Symphony Orchestra 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.