Pegasus The Orchestra Inc
EIN: 822786185 · Rochelle Park, NJ · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $111K |
| Net Assets | $27K |
Is Pegasus The Orchestra Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pegasus The Orchestra Inc
Pegasus The Orchestra Inc (EIN: 822786185) is a nonprofit organization based in Rochelle Park, NJ, classified under NTEE code A68. The organization reported total revenue of $152K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pegasus The Orchestra Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pegasus The Orchestra Inc is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 71.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $111K |
| Surplus / Deficit | $-17,308 |
| Total Assets | $27K |
| Net Assets | $27K |
| Operating Margin | -18.5% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Pegasus The Orchestra Inc reported a deficit of $17K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2017–2023), Pegasus The Orchestra Inc's revenue has grown at a compound annual growth rate (CAGR) of 71.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.1% | -34.3% | -38.6% |
| 2022 | +423.1% | +127.6% | -39.1% |
| 2021 | -84.4% | -1.7% | -43.0% |
| 2020 | +9.9% | -44.9% | +412.4% |
| 2019 | +258.6% | +247.0% | +297.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pegasus The Orchestra 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 Pegasus The Orchestra 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 $17K, with expenses exceeding revenue.
Frequently Asked Questions about Pegasus The Orchestra Inc
Is Pegasus The Orchestra Inc a legitimate charity?
Pegasus The Orchestra Inc (EIN: 822786185) is a registered tax-exempt nonprofit based in New Jersey. It has 7 years of IRS 990 filings on record. Total revenue: $152K. No red flags identified. Financial health grade: C.
How does Pegasus The Orchestra Inc spend its money?
Pegasus The Orchestra Inc reported $152K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pegasus The Orchestra Inc tax-deductible?
Pegasus The Orchestra Inc is registered as a tax-exempt nonprofit (EIN: 822786185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pegasus The Orchestra Inc located?
Pegasus The Orchestra Inc is headquartered in Rochelle Park, New Jersey and files with the IRS under EIN 822786185. It is classified under NTEE code A68.
How many years of IRS 990 filings does Pegasus The Orchestra Inc have?
Pegasus The Orchestra Inc has 7 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 $152K in total revenue.
Filing History
IRS 990 filing history for Pegasus The Orchestra Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Pegasus The Orchestra Inc's revenue has grown by 2481.7%, moving from $4K to $94K. Total assets increased by 1071.1% over the same period, from $2K to $27K. Total functional expenses rose by 8567.8%, from $1K to $111K. In its most recent filing year (2023), Pegasus The Orchestra Inc reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $111K | $27K | $0 | — | — |
| 2022 | $140K | $169K | $45K | $0 | — | — |
| 2021 | $27K | $74K | $74K | $0 | — | View 990 |
| 2020 | $171K | $75K | $129K | $8K | — | — |
| 2019 | $156K | $137K | $25K | $0 | — | View 990 |
| 2018 | $43K | $39K | $6K | $0 | — | View 990 |
| 2017 | $4K | $1K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $111K, and assets of $27K (revenue -33.1% year-over-year).
- 2022: Revenue of $140K, expenses of $169K, and assets of $45K (revenue +423.1% year-over-year).
- 2021: Revenue of $27K, expenses of $74K, and assets of $74K (revenue -84.4% year-over-year).
- 2020: Revenue of $171K, expenses of $75K, and assets of $129K (revenue +9.9% year-over-year).
- 2019: Revenue of $156K, expenses of $137K, and assets of $25K (revenue +258.6% year-over-year).
- 2018: Revenue of $43K, expenses of $39K, and assets of $6K (revenue +1097.5% year-over-year).
- 2017: Revenue of $4K, expenses of $1K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pegasus The Orchestra Inc:
Data Sources and Methodology
This transparency report for Pegasus The 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.