Sinfonia Gulf Coast Inc
Sinfonia Gulf Coast Inc shows consistent revenue growth and increasing assets, with no reported officer compensation.
EIN: 203261330 · Miramar Beach, FL · NTEE: A69 · Updated: 2026-03-28
Is Sinfonia Gulf Coast Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sinfonia Gulf Coast Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sinfonia Gulf Coast Inc
Sinfonia Gulf Coast Inc (EIN: 203261330) is a nonprofit organization based in Miramar Beach, FL, classified under NTEE code A69. The organization reported total revenue of $2.0M and total assets of $432K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sinfonia Gulf Coast Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sinfonia Gulf Coast Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-39,599 |
| Total Assets | $491K |
| Total Liabilities | $387K |
| Net Assets | $105K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 78.7% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Sinfonia Gulf Coast Inc reported a deficit of $40K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 78.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sinfonia Gulf Coast Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.7% | +34.4% | +6.4% |
| 2022 | +52.5% | +67.7% | +73.7% |
| 2021 | -10.9% | -23.5% | +51.9% |
| 2020 | -0.1% | -9.0% | +146.7% |
| 2019 | +36.4% | +28.2% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sinfonia Gulf Coast 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: 75%
- fundraising: 10%
According to IRS 990 filings, Sinfonia Gulf Coast Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.7%.
Executive Compensation Analysis
Sinfonia Gulf Coast Inc consistently reports 0% officer compensation across all available filings, indicating that its top leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is a strong positive for donor perception regarding executive pay.
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 Sinfonia Gulf Coast Inc's IRS 990 filings:
- Operating deficit in the latest filing (202306) where expenses ($1,687,396) exceeded revenue ($1,647,797).
Strengths
The following positive indicators were identified for Sinfonia Gulf Coast Inc:
- Consistent revenue growth over the past three years, from $934,134 in 202106 to $1,647,797 in 202306.
- Significant increase in assets, from $175,047 in 202006 to $491,451 in 202306, improving financial capacity.
- No reported officer compensation across all filings, indicating strong financial transparency regarding executive pay.
- Positive net asset position, with assets ($491,451) exceeding liabilities ($386,604) in the latest filing (202306).
Frequently Asked Questions about Sinfonia Gulf Coast Inc
Is Sinfonia Gulf Coast Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sinfonia Gulf Coast Inc (EIN: 203261330) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sinfonia Gulf Coast Inc spend its money?
Sinfonia Gulf Coast Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sinfonia Gulf Coast Inc tax-deductible?
Sinfonia Gulf Coast Inc is registered as a tax-exempt nonprofit (EIN: 203261330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sinfonia Gulf Coast Inc financially stable?
Yes, the organization shows improving financial stability. Assets have grown significantly from $175,047 in 202006 to $491,451 in 202306, and while there was a slight operating deficit in 202306, it followed a strong surplus in 202206.
How has Sinfonia Gulf Coast Inc's revenue trended?
Sinfonia Gulf Coast Inc has shown consistent revenue growth, increasing from $934,134 in 202106 to $1,647,797 in 202306, indicating strong fundraising or program activity.
Does Sinfonia Gulf Coast Inc pay its officers?
According to all available IRS 990 filings, Sinfonia Gulf Coast Inc reports 0% officer compensation, suggesting that its officers are not compensated or are compensated in ways not categorized as officer compensation.
Filing History
IRS 990 filing history for Sinfonia Gulf Coast Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sinfonia Gulf Coast Inc's revenue has grown by 199.9%, moving from $549K to $1.6M. Total assets increased by 2443.7% over the same period, from $19K to $491K. Total functional expenses rose by 205.8%, from $552K to $1.7M. In its most recent filing year (2023), Sinfonia Gulf Coast Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $387K in liabilities against $491K in assets (debt-to-asset ratio: 78.7%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $491K | $387K | — | — |
| 2022 | $1.4M | $1.3M | $462K | $237K | — | View 990 |
| 2021 | $934K | $749K | $266K | $210K | — | View 990 |
| 2020 | $1.0M | $979K | $175K | $305K | — | View 990 |
| 2019 | $1.0M | $1.1M | $71K | $270K | — | View 990 |
| 2018 | $769K | $839K | $60K | $233K | — | View 990 |
| 2017 | $1.0M | $995K | $71K | $173K | — | View 990 |
| 2016 | $1.1M | $1.1M | $67K | $192K | — | View 990 |
| 2015 | $787K | $811K | $34K | $192K | — | View 990 |
| 2014 | $622K | $657K | $43K | $178K | — | View 990 |
| 2013 | $462K | $446K | $32K | $132K | — | View 990 |
| 2012 | $477K | $440K | $49K | $165K | — | View 990 |
| 2011 | $549K | $552K | $19K | $171K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $491K (revenue +15.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $462K (revenue +52.5% year-over-year).
- 2021: Revenue of $934K, expenses of $749K, and assets of $266K (revenue -10.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $979K, and assets of $175K (revenue -0.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $71K (revenue +36.4% year-over-year).
- 2018: Revenue of $769K, expenses of $839K, and assets of $60K (revenue -24.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $995K, and assets of $71K (revenue -8.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $67K (revenue +41.3% year-over-year).
- 2015: Revenue of $787K, expenses of $811K, and assets of $34K (revenue +26.5% year-over-year).
- 2014: Revenue of $622K, expenses of $657K, and assets of $43K (revenue +34.7% year-over-year).
- 2013: Revenue of $462K, expenses of $446K, and assets of $32K (revenue -3.1% year-over-year).
- 2012: Revenue of $477K, expenses of $440K, and assets of $49K (revenue -13.2% year-over-year).
- 2011: Revenue of $549K, expenses of $552K, and assets of $19K.
Data Sources and Methodology
This transparency report for Sinfonia Gulf Coast 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.