Symphony Space Inc
Symphony Space Inc. maintains stable assets but frequently operates with deficits, reporting 0% officer compensation.
EIN: 132941455 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $6.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $20.0M |
| Transparency Score | 75/100 |
Is Symphony Space Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Symphony Space Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Symphony Space Inc
Symphony Space Inc (EIN: 132941455) is a nonprofit organization based in New York, NY. The organization reported total revenue of $7.4M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Symphony Space Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Symphony Space Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $6.7M |
| Surplus / Deficit | $-1,155,256 |
| Total Assets | $21.3M |
| Total Liabilities | $1.3M |
| Net Assets | $20.0M |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 38.4 months |
Financial Health Grade: B
In 2023, Symphony Space Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 38.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Symphony Space Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | +12.9% | -1.6% |
| 2022 | +24.6% | +46.1% | -6.1% |
| 2021 | +0.4% | -36.8% | +6.9% |
| 2020 | -33.7% | -6.5% | -3.8% |
| 2019 | +15.9% | +1.9% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Symphony Space Inc with a Mission Score of 75 out of 100 (Good). 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, Symphony Space 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Symphony Space Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of its size with annual revenues often exceeding $6 million.
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 Symphony Space Inc's IRS 990 filings:
- Frequent operating deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2020, 2018, 2017, 2016, 2015).
- Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further scrutiny into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Symphony Space Inc:
- Strong asset base, consistently above $19 million, providing financial stability despite operating deficits.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
Frequently Asked Questions about Symphony Space Inc
Is Symphony Space Inc a legitimate charity?
Symphony Space Inc (EIN: 132941455) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Symphony Space Inc spend its money?
Symphony Space Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Symphony Space Inc tax-deductible?
Symphony Space Inc is registered as a tax-exempt nonprofit (EIN: 132941455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Symphony Space Inc CEO make?
Symphony Space Inc's highest-compensated officer earns $6 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Symphony Space Inc's spending goes to programs?
Symphony Space Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Symphony Space Inc located?
Symphony Space Inc is headquartered in New York, New York and files with the IRS under EIN 132941455.
How many years of IRS 990 filings does Symphony Space Inc have?
Symphony Space Inc 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 $7.4M in total revenue.
Is Symphony Space Inc. financially sustainable given its recurring operating deficits?
Symphony Space Inc. has frequently reported expenses exceeding revenue, such as in 2023 ($6.6M expenses vs. $5.5M revenue). While its assets are substantial ($21.3M in 2023), consistent deficits could erode these reserves over time if not addressed by increased revenue or reduced expenses.
How does Symphony Space Inc. manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique compensation structure. Further investigation into their governance and compensation policies would be needed.
What is the trend in Symphony Space Inc.'s revenue and expenses over the past decade?
Revenue has fluctuated between $5.0M and $7.5M, while expenses have generally ranged from $4.0M to $6.8M. There's a noticeable trend of expenses often exceeding revenue, particularly in recent years like 2023, 2020, and 2018.
Filing History
IRS 990 filing history for Symphony Space Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Symphony Space Inc's revenue has grown by 3%, moving from $5.3M to $5.5M. Total assets decreased by 12.4% over the same period, from $24.3M to $21.3M. Total functional expenses rose by 14.5%, from $5.8M to $6.7M. In its most recent filing year (2023), Symphony Space Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $21.3M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $20.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $6.7M | $21.3M | $1.3M | — | View 990 |
| 2022 | $6.3M | $5.9M | $21.7M | $950K | — | View 990 |
| 2021 | $5.0M | $4.0M | $23.1M | $1.1M | — | View 990 |
| 2020 | $5.0M | $6.4M | $21.6M | $1.8M | — | View 990 |
| 2019 | $7.6M | $6.8M | $22.4M | $1.4M | — | View 990 |
| 2018 | $6.5M | $6.7M | $21.4M | $1.2M | — | View 990 |
| 2017 | $6.4M | $6.7M | $21.6M | $1.1M | — | View 990 |
| 2016 | $6.3M | $6.7M | $21.6M | $1.2M | — | View 990 |
| 2015 | $5.8M | $6.4M | $22.2M | $836K | — | View 990 |
| 2014 | $6.8M | $6.4M | $23.1M | $772K | — | View 990 |
| 2013 | $5.5M | $6.7M | $22.1M | $657K | — | View 990 |
| 2012 | $5.4M | $6.1M | $22.9M | $650K | — | View 990 |
| 2011 | $5.3M | $5.8M | $24.3M | $616K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $6.7M, and assets of $21.3M (revenue -12.3% year-over-year).
- 2022: Revenue of $6.3M, expenses of $5.9M, and assets of $21.7M (revenue +24.6% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.0M, and assets of $23.1M (revenue +0.4% year-over-year).
- 2020: Revenue of $5.0M, expenses of $6.4M, and assets of $21.6M (revenue -33.7% year-over-year).
- 2019: Revenue of $7.6M, expenses of $6.8M, and assets of $22.4M (revenue +15.9% year-over-year).
- 2018: Revenue of $6.5M, expenses of $6.7M, and assets of $21.4M (revenue +2.1% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.7M, and assets of $21.6M (revenue +1.7% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.7M, and assets of $21.6M (revenue +8.0% year-over-year).
- 2015: Revenue of $5.8M, expenses of $6.4M, and assets of $22.2M (revenue -14.0% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.4M, and assets of $23.1M (revenue +24.2% year-over-year).
- 2013: Revenue of $5.5M, expenses of $6.7M, and assets of $22.1M (revenue +1.3% year-over-year).
- 2012: Revenue of $5.4M, expenses of $6.1M, and assets of $22.9M (revenue +0.6% year-over-year).
- 2011: Revenue of $5.3M, expenses of $5.8M, and assets of $24.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Symphony Space Inc:
Data Sources and Methodology
This transparency report for Symphony Space 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.