Tacoma Youth Symphony Association Inc
EIN: 237005522 · Tacoma, WA · NTEE: A69Z
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $932K |
| Net Assets | $1.2M |
Is Tacoma Youth Symphony Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tacoma Youth Symphony Association Inc
Tacoma Youth Symphony Association Inc (EIN: 237005522) is a nonprofit organization based in Tacoma, WA, classified under NTEE code A69Z. The organization reported total revenue of $1.4M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tacoma Youth Symphony Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tacoma Youth Symphony Association Inc is a mid-size nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $932K |
| Surplus / Deficit | +$360K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 27.9% |
| Months of Reserves | 15.1 months |
Financial Health Grade: A
In 2024, Tacoma Youth Symphony Association Inc reported a surplus of $360K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Tacoma Youth Symphony Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.0% | +29.1% | +44.3% |
| 2023 | +19.3% | +27.7% | +57.3% |
| 2022 | +45.1% | +13.5% | +125.7% |
| 2021 | -13.1% | -25.2% | +49.3% |
| 2020 | +1.1% | -3.5% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tacoma Youth Symphony Association 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 Tacoma Youth Symphony Association 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 surplus of $360K, with revenue exceeding expenses.
Frequently Asked Questions about Tacoma Youth Symphony Association Inc
Is Tacoma Youth Symphony Association Inc a legitimate charity?
Tacoma Youth Symphony Association Inc (EIN: 237005522) is a registered tax-exempt nonprofit based in Washington. It has 14 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Tacoma Youth Symphony Association Inc spend its money?
Tacoma Youth Symphony Association Inc reported $1.4M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tacoma Youth Symphony Association Inc tax-deductible?
Tacoma Youth Symphony Association Inc is registered as a tax-exempt nonprofit (EIN: 237005522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tacoma Youth Symphony Association Inc located?
Tacoma Youth Symphony Association Inc is headquartered in Tacoma, Washington and files with the IRS under EIN 237005522. It is classified under NTEE code A69Z.
How many years of IRS 990 filings does Tacoma Youth Symphony Association Inc have?
Tacoma Youth Symphony Association 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Tacoma Youth Symphony Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tacoma Youth Symphony Association Inc's revenue has grown by 138.2%, moving from $542K to $1.3M. Total assets increased by 165% over the same period, from $442K to $1.2M. Total functional expenses rose by 58.3%, from $589K to $932K. In its most recent filing year (2024), Tacoma Youth Symphony Association Inc reported a surplus of $360K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $932K | $1.2M | $0 | — | View 990 |
| 2023 | $1.0M | $722K | $812K | $0 | — | — |
| 2022 | $853K | $565K | $516K | $0 | — | View 990 |
| 2021 | $588K | $498K | $229K | $0 | — | View 990 |
| 2020 | $676K | $666K | $153K | $14K | — | View 990 |
| 2019 | $669K | $690K | $194K | $65K | — | View 990 |
| 2018 | $649K | $693K | $170K | $20K | — | View 990 |
| 2017 | $778K | $816K | $194K | $0 | — | View 990 |
| 2016 | $618K | $685K | $233K | $362 | — | View 990 |
| 2015 | $604K | $661K | $306K | $5K | — | View 990 |
| 2014 | $579K | $616K | $358K | $8K | — | View 990 |
| 2013 | $742K | $775K | $398K | $12K | — | View 990 |
| 2012 | $636K | $610K | $434K | $15K | — | View 990 |
| 2011 | $542K | $589K | $442K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $932K, and assets of $1.2M (revenue +27.0% year-over-year).
- 2023: Revenue of $1.0M, expenses of $722K, and assets of $812K (revenue +19.3% year-over-year).
- 2022: Revenue of $853K, expenses of $565K, and assets of $516K (revenue +45.1% year-over-year).
- 2021: Revenue of $588K, expenses of $498K, and assets of $229K (revenue -13.1% year-over-year).
- 2020: Revenue of $676K, expenses of $666K, and assets of $153K (revenue +1.1% year-over-year).
- 2019: Revenue of $669K, expenses of $690K, and assets of $194K (revenue +3.1% year-over-year).
- 2018: Revenue of $649K, expenses of $693K, and assets of $170K (revenue -16.6% year-over-year).
- 2017: Revenue of $778K, expenses of $816K, and assets of $194K (revenue +25.8% year-over-year).
- 2016: Revenue of $618K, expenses of $685K, and assets of $233K (revenue +2.4% year-over-year).
- 2015: Revenue of $604K, expenses of $661K, and assets of $306K (revenue +4.2% year-over-year).
- 2014: Revenue of $579K, expenses of $616K, and assets of $358K (revenue -21.9% year-over-year).
- 2013: Revenue of $742K, expenses of $775K, and assets of $398K (revenue +16.7% year-over-year).
- 2012: Revenue of $636K, expenses of $610K, and assets of $434K (revenue +17.2% year-over-year).
- 2011: Revenue of $542K, expenses of $589K, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tacoma Youth Symphony Association Inc:
Data Sources and Methodology
This transparency report for Tacoma Youth Symphony Association 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.