South Bend Youth Symphony Orchestras Inc
EIN: 352104820 · South Bend, IN · NTEE: A69
| Metric | Value |
|---|---|
| Total Revenue | $221K |
| Total Expenses | $195K |
| Net Assets | $-16,940 |
Is South Bend Youth Symphony Orchestras Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Bend Youth Symphony Orchestras Inc
South Bend Youth Symphony Orchestras Inc (EIN: 352104820) is a nonprofit organization based in South Bend, IN, classified under NTEE code A69. The organization reported total revenue of $221K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Bend Youth Symphony Orchestras Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Bend Youth Symphony Orchestras Inc is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $195K |
| Surplus / Deficit | $-16,545 |
| Total Assets | $24K |
| Total Liabilities | $41K |
| Net Assets | $-16,940 |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 169.5% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2024, South Bend Youth Symphony Orchestras Inc reported a deficit of $17K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 169.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), South Bend Youth Symphony Orchestras Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.7% | +1.2% | +1.7% |
| 2023 | -36.7% | -0.7% | -61.3% |
| 2022 | +73.8% | +63.4% | +91.0% |
| 2021 | -4.9% | -5.6% | -13.0% |
| 2020 | +6.0% | -8.1% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Bend Youth Symphony Orchestras 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 South Bend Youth Symphony Orchestras 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 169.5%.
Frequently Asked Questions about South Bend Youth Symphony Orchestras Inc
Is South Bend Youth Symphony Orchestras Inc a legitimate charity?
South Bend Youth Symphony Orchestras Inc (EIN: 352104820) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $221K. No red flags identified. Financial health grade: D.
How does South Bend Youth Symphony Orchestras Inc spend its money?
South Bend Youth Symphony Orchestras Inc reported $221K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Bend Youth Symphony Orchestras Inc tax-deductible?
South Bend Youth Symphony Orchestras Inc is registered as a tax-exempt nonprofit (EIN: 352104820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Bend Youth Symphony Orchestras Inc located?
South Bend Youth Symphony Orchestras Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 352104820. It is classified under NTEE code A69.
How many years of IRS 990 filings does South Bend Youth Symphony Orchestras Inc have?
South Bend Youth Symphony Orchestras Inc has 14 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 $221K in total revenue.
Filing History
IRS 990 filing history for South Bend Youth Symphony Orchestras Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), South Bend Youth Symphony Orchestras Inc's revenue has grown by 287.1%, moving from $46K to $178K. Total assets decreased by 5.6% over the same period, from $26K to $24K. Total functional expenses rose by 356.3%, from $43K to $195K. In its most recent filing year (2024), South Bend Youth Symphony Orchestras Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $41K in liabilities against $24K in assets (debt-to-asset ratio: 169.5%), resulting in net assets of $-16,940.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $178K | $195K | $24K | $41K | — | — |
| 2023 | $140K | $192K | $24K | $24K | — | View 990 |
| 2022 | $220K | $194K | $62K | $9K | — | View 990 |
| 2021 | $127K | $119K | $32K | $8K | — | View 990 |
| 2020 | $133K | $126K | $37K | $21K | — | View 990 |
| 2019 | $126K | $137K | $39K | $31K | — | View 990 |
| 2018 | $112K | $119K | $49K | $29K | — | View 990 |
| 2017 | $108K | $102K | $32K | $6K | — | View 990 |
| 2016 | $92K | $93K | $29K | $9K | — | View 990 |
| 2015 | $75K | $75K | $30K | $9K | — | View 990 |
| 2014 | $62K | $62K | $25K | $4K | — | View 990 |
| 2013 | $59K | $57K | $29K | $4K | — | View 990 |
| 2012 | $52K | $53K | $23K | $4K | — | View 990 |
| 2011 | $46K | $43K | $26K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $178K, expenses of $195K, and assets of $24K (revenue +27.7% year-over-year).
- 2023: Revenue of $140K, expenses of $192K, and assets of $24K (revenue -36.7% year-over-year).
- 2022: Revenue of $220K, expenses of $194K, and assets of $62K (revenue +73.8% year-over-year).
- 2021: Revenue of $127K, expenses of $119K, and assets of $32K (revenue -4.9% year-over-year).
- 2020: Revenue of $133K, expenses of $126K, and assets of $37K (revenue +6.0% year-over-year).
- 2019: Revenue of $126K, expenses of $137K, and assets of $39K (revenue +12.4% year-over-year).
- 2018: Revenue of $112K, expenses of $119K, and assets of $49K (revenue +3.7% year-over-year).
- 2017: Revenue of $108K, expenses of $102K, and assets of $32K (revenue +17.7% year-over-year).
- 2016: Revenue of $92K, expenses of $93K, and assets of $29K (revenue +23.1% year-over-year).
- 2015: Revenue of $75K, expenses of $75K, and assets of $30K (revenue +20.4% year-over-year).
- 2014: Revenue of $62K, expenses of $62K, and assets of $25K (revenue +4.4% year-over-year).
- 2013: Revenue of $59K, expenses of $57K, and assets of $29K (revenue +14.4% year-over-year).
- 2012: Revenue of $52K, expenses of $53K, and assets of $23K (revenue +12.6% year-over-year).
- 2011: Revenue of $46K, expenses of $43K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Bend Youth Symphony Orchestras Inc:
Data Sources and Methodology
This transparency report for South Bend Youth Symphony Orchestras 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.