Piedmont Wind Symphony
EIN: 561627179 · Winston Salem, NC · NTEE: A6CZ
| Metric | Value |
|---|---|
| Total Revenue | $346K |
| Total Expenses | $228K |
| Net Assets | $84K |
Is Piedmont Wind Symphony Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Piedmont Wind Symphony
Piedmont Wind Symphony (EIN: 561627179) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code A6CZ. The organization reported total revenue of $346K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Piedmont Wind Symphony's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Piedmont Wind Symphony is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $228K |
| Surplus / Deficit | +$48K |
| Total Assets | $88K |
| Total Liabilities | $5K |
| Net Assets | $84K |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, Piedmont Wind Symphony reported a surplus of $48K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Piedmont Wind Symphony's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.7% | +105.7% | +145.7% |
| 2022 | +274.5% | +260.8% | +13.6% |
| 2021 | -81.9% | -81.3% | +3.1% |
| 2020 | -43.8% | -42.0% | +16.1% |
| 2019 | +10.5% | +1.3% | -37.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Piedmont Wind Symphony 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 Piedmont Wind Symphony 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 $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.5%.
Frequently Asked Questions about Piedmont Wind Symphony
Is Piedmont Wind Symphony a legitimate charity?
Piedmont Wind Symphony (EIN: 561627179) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $346K. No red flags identified. Financial health grade: A.
How does Piedmont Wind Symphony spend its money?
Piedmont Wind Symphony reported $346K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Piedmont Wind Symphony tax-deductible?
Piedmont Wind Symphony is registered as a tax-exempt nonprofit (EIN: 561627179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Piedmont Wind Symphony located?
Piedmont Wind Symphony is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 561627179. It is classified under NTEE code A6CZ.
How many years of IRS 990 filings does Piedmont Wind Symphony have?
Piedmont Wind Symphony 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 $346K in total revenue.
Filing History
IRS 990 filing history for Piedmont Wind Symphony showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Piedmont Wind Symphony's revenue has grown by 48%, moving from $186K to $276K. Total assets increased by 49% over the same period, from $59K to $88K. Total functional expenses rose by 53%, from $149K to $228K. In its most recent filing year (2023), Piedmont Wind Symphony reported a surplus of $48K, with revenue exceeding expenses. The organization holds $5K in liabilities against $88K in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $228K | $88K | $5K | — | View 990 |
| 2022 | $116K | $111K | $36K | $39 | — | View 990 |
| 2021 | $31K | $31K | $32K | $807 | — | View 990 |
| 2020 | $171K | $165K | $31K | $77 | — | View 990 |
| 2019 | $305K | $284K | $26K | $3K | — | View 990 |
| 2018 | $276K | $280K | $42K | $3K | — | View 990 |
| 2017 | $270K | $261K | $44K | $900 | — | View 990 |
| 2016 | $232K | $247K | $38K | $3K | — | View 990 |
| 2015 | $182K | $216K | $48K | $0 | — | View 990 |
| 2014 | $173K | $165K | $82K | $0 | — | View 990 |
| 2013 | $197K | $174K | $70K | $0 | — | View 990 |
| 2012 | $171K | $183K | $47K | $0 | — | View 990 |
| 2011 | $186K | $149K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $228K, and assets of $88K (revenue +137.7% year-over-year).
- 2022: Revenue of $116K, expenses of $111K, and assets of $36K (revenue +274.5% year-over-year).
- 2021: Revenue of $31K, expenses of $31K, and assets of $32K (revenue -81.9% year-over-year).
- 2020: Revenue of $171K, expenses of $165K, and assets of $31K (revenue -43.8% year-over-year).
- 2019: Revenue of $305K, expenses of $284K, and assets of $26K (revenue +10.5% year-over-year).
- 2018: Revenue of $276K, expenses of $280K, and assets of $42K (revenue +2.1% year-over-year).
- 2017: Revenue of $270K, expenses of $261K, and assets of $44K (revenue +16.5% year-over-year).
- 2016: Revenue of $232K, expenses of $247K, and assets of $38K (revenue +27.9% year-over-year).
- 2015: Revenue of $182K, expenses of $216K, and assets of $48K (revenue +4.8% year-over-year).
- 2014: Revenue of $173K, expenses of $165K, and assets of $82K (revenue -11.9% year-over-year).
- 2013: Revenue of $197K, expenses of $174K, and assets of $70K (revenue +14.6% year-over-year).
- 2012: Revenue of $171K, expenses of $183K, and assets of $47K (revenue -7.9% year-over-year).
- 2011: Revenue of $186K, expenses of $149K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Piedmont Wind Symphony:
Data Sources and Methodology
This transparency report for Piedmont Wind Symphony 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.