Symphonicity The Symphony Orchestra Of Virginia Beach
EIN: 521270466 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $405K |
| Net Assets | $345K |
Is Symphonicity The Symphony Orchestra Of Virginia Beach Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Symphonicity The Symphony Orchestra Of Virginia Beach
Symphonicity The Symphony Orchestra Of Virginia Beach (EIN: 521270466) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $530K and total assets of $310K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Symphonicity The Symphony Orchestra Of Virginia Beach's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Symphonicity The Symphony Orchestra Of Virginia Beach is a small nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $405K |
| Surplus / Deficit | $-21,671 |
| Total Assets | $381K |
| Total Liabilities | $36K |
| Net Assets | $345K |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, Symphonicity The Symphony Orchestra Of Virginia Beach reported a deficit of $22K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Symphonicity The Symphony Orchestra Of Virginia Beach's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +9.8% | +2.5% |
| 2022 | -8.8% | +75.4% | -15.0% |
| 2021 | +4.8% | -38.8% | +87.3% |
| 2020 | +5.9% | -7.2% | +5.3% |
| 2019 | -3.9% | +0.5% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Symphonicity The Symphony Orchestra Of Virginia Beach 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 Symphonicity The Symphony Orchestra Of Virginia Beach 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.5%.
Frequently Asked Questions about Symphonicity The Symphony Orchestra Of Virginia Beach
Is Symphonicity The Symphony Orchestra Of Virginia Beach a legitimate charity?
Symphonicity The Symphony Orchestra Of Virginia Beach (EIN: 521270466) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $530K. No red flags identified. Financial health grade: B.
How does Symphonicity The Symphony Orchestra Of Virginia Beach spend its money?
Symphonicity The Symphony Orchestra Of Virginia Beach reported $530K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Symphonicity The Symphony Orchestra Of Virginia Beach tax-deductible?
Symphonicity The Symphony Orchestra Of Virginia Beach is registered as a tax-exempt nonprofit (EIN: 521270466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Symphonicity The Symphony Orchestra Of Virginia Beach located?
Symphonicity The Symphony Orchestra Of Virginia Beach is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 521270466.
How many years of IRS 990 filings does Symphonicity The Symphony Orchestra Of Virginia Beach have?
Symphonicity The Symphony Orchestra Of Virginia Beach has 12 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 $530K in total revenue.
Filing History
IRS 990 filing history for Symphonicity The Symphony Orchestra Of Virginia Beach showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Symphonicity The Symphony Orchestra Of Virginia Beach's revenue has grown by 29.7%, moving from $295K to $383K. Total assets increased by 55.5% over the same period, from $245K to $381K. Total functional expenses rose by 33.6%, from $303K to $405K. In its most recent filing year (2023), Symphonicity The Symphony Orchestra Of Virginia Beach reported a deficit of $22K, with expenses exceeding revenue. The organization holds $36K in liabilities against $381K in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $405K | $381K | $36K | — | View 990 |
| 2022 | $362K | $368K | $372K | $15K | — | View 990 |
| 2021 | $396K | $210K | $437K | $46K | — | — |
| 2020 | $378K | $343K | $234K | $75K | — | View 990 |
| 2019 | $357K | $370K | $222K | $82K | — | View 990 |
| 2018 | $371K | $368K | $225K | $2K | — | View 990 |
| 2017 | $359K | $399K | $210K | $3K | — | View 990 |
| 2016 | $384K | $413K | $235K | $4K | — | View 990 |
| 2015 | $366K | $370K | $267K | $2K | — | View 990 |
| 2014 | $345K | $328K | $270K | $2K | — | View 990 |
| 2013 | $336K | $328K | $252K | $1K | — | View 990 |
| 2012 | $295K | $303K | $245K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $383K, expenses of $405K, and assets of $381K (revenue +5.9% year-over-year).
- 2022: Revenue of $362K, expenses of $368K, and assets of $372K (revenue -8.8% year-over-year).
- 2021: Revenue of $396K, expenses of $210K, and assets of $437K (revenue +4.8% year-over-year).
- 2020: Revenue of $378K, expenses of $343K, and assets of $234K (revenue +5.9% year-over-year).
- 2019: Revenue of $357K, expenses of $370K, and assets of $222K (revenue -3.9% year-over-year).
- 2018: Revenue of $371K, expenses of $368K, and assets of $225K (revenue +3.6% year-over-year).
- 2017: Revenue of $359K, expenses of $399K, and assets of $210K (revenue -6.6% year-over-year).
- 2016: Revenue of $384K, expenses of $413K, and assets of $235K (revenue +4.8% year-over-year).
- 2015: Revenue of $366K, expenses of $370K, and assets of $267K (revenue +6.2% year-over-year).
- 2014: Revenue of $345K, expenses of $328K, and assets of $270K (revenue +2.8% year-over-year).
- 2013: Revenue of $336K, expenses of $328K, and assets of $252K (revenue +13.7% year-over-year).
- 2012: Revenue of $295K, expenses of $303K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Symphonicity The Symphony Orchestra Of Virginia Beach:
Data Sources and Methodology
This transparency report for Symphonicity The Symphony Orchestra Of Virginia Beach 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.