Texarkana Symphony Orchestra
Texarkana Symphony Orchestra experiences significant revenue growth but faces consistent asset-liability imbalances.
EIN: 204350824 · Texarkana, AR · NTEE: A69 · Updated: 2026-03-28
Is Texarkana Symphony Orchestra Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Texarkana Symphony Orchestra directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Texarkana Symphony Orchestra
Texarkana Symphony Orchestra (EIN: 204350824) is a nonprofit organization based in Texarkana, AR, classified under NTEE code A69. The organization reported total revenue of $2.1M and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texarkana Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texarkana Symphony Orchestra is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$16K |
| Total Assets | $203K |
| Total Liabilities | $212K |
| Net Assets | $-9,007 |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 104.4% |
| Months of Reserves | 1.4 months |
Financial Health Grade: B
In 2023, Texarkana Symphony Orchestra reported a surplus of $16K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 104.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Texarkana Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.1% | +61.1% | +63.3% |
| 2022 | +102.8% | +85.1% | +369.6% |
| 2021 | -0.2% | +6.3% | -65.9% |
| 2020 | +1.1% | +0.6% | +117.7% |
| 2019 | +8.2% | +4.5% | -33.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Texarkana Symphony Orchestra 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Texarkana Symphony Orchestra allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 104.4%.
Executive Compensation Analysis
The Texarkana Symphony Orchestra consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, which would require further investigation for complete transparency.
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 Texarkana Symphony Orchestra's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential liquidity issues (e.g., 2023: $212,053 liabilities vs. $203,046 assets).
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes it difficult to fully assess spending efficiency.
- Significant fluctuations in assets year-over-year without clear explanations in the provided data.
Strengths
The following positive indicators were identified for Texarkana Symphony Orchestra:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
- Significant revenue growth in recent years, from $552,173 in 2021 to $1,770,024 in 2023, demonstrating increased support or activity.
- Overall positive net income in most recent periods (e.g., $1,770,024 revenue vs. $1,753,568 expenses in 2023).
Frequently Asked Questions about Texarkana Symphony Orchestra
Is Texarkana Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, Texarkana Symphony Orchestra (EIN: 204350824) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Texarkana Symphony Orchestra spend its money?
Texarkana Symphony Orchestra directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Texarkana Symphony Orchestra tax-deductible?
Texarkana Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 204350824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Texarkana Symphony Orchestra a good charity?
The Texarkana Symphony Orchestra shows positive signs, particularly its consistent 0% officer compensation and recent substantial revenue growth. However, its recurring liabilities exceeding assets suggest potential financial instability that warrants closer examination.
Why are liabilities often higher than assets?
The consistent trend of liabilities exceeding assets (e.g., $212,053 liabilities vs. $203,046 assets in 2023) could indicate reliance on short-term debt, deferred revenue, or insufficient reserves to cover obligations. This is a financial risk that could impact long-term sustainability.
What caused the significant revenue increase in 2022-2023?
Revenue jumped from $1,119,748 in 2022 to $1,770,024 in 2023. This substantial increase could be due to successful fundraising campaigns, large grants, increased ticket sales, or a combination of factors. Further details from the 990 forms would be needed to pinpoint the exact sources.
How does the organization manage its financial risk with low asset reserves?
With assets often barely covering or falling short of liabilities, the organization appears to operate with limited financial reserves. This could make it vulnerable to unexpected expenses or revenue shortfalls, potentially impacting its ability to sustain operations without external support.
Filing History
IRS 990 filing history for Texarkana Symphony Orchestra showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Texarkana Symphony Orchestra's revenue has grown by 291.7%, moving from $452K to $1.8M. Total assets increased by 43.5% over the same period, from $141K to $203K. Total functional expenses rose by 285.6%, from $455K to $1.8M. In its most recent filing year (2023), Texarkana Symphony Orchestra reported a surplus of $16K, with revenue exceeding expenses. The organization holds $212K in liabilities against $203K in assets (debt-to-asset ratio: 104.4%), resulting in net assets of $-9,007.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $203K | $212K | — | View 990 |
| 2022 | $1.1M | $1.1M | $124K | $150K | — | View 990 |
| 2021 | $552K | $588K | $26K | $83K | — | View 990 |
| 2020 | $553K | $553K | $78K | $98K | — | View 990 |
| 2019 | $547K | $550K | $36K | $56K | — | View 990 |
| 2018 | $506K | $526K | $54K | $72K | — | — |
| 2017 | $579K | $552K | $86K | $85K | — | View 990 |
| 2016 | $566K | $618K | $74K | $99K | — | View 990 |
| 2015 | $533K | $548K | $119K | $93K | — | View 990 |
| 2014 | $561K | $551K | $198K | $157K | — | View 990 |
| 2013 | $445K | $463K | $151K | $121K | — | View 990 |
| 2012 | $452K | $455K | $141K | $93K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $203K (revenue +58.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $124K (revenue +102.8% year-over-year).
- 2021: Revenue of $552K, expenses of $588K, and assets of $26K (revenue -0.2% year-over-year).
- 2020: Revenue of $553K, expenses of $553K, and assets of $78K (revenue +1.1% year-over-year).
- 2019: Revenue of $547K, expenses of $550K, and assets of $36K (revenue +8.2% year-over-year).
- 2018: Revenue of $506K, expenses of $526K, and assets of $54K (revenue -12.6% year-over-year).
- 2017: Revenue of $579K, expenses of $552K, and assets of $86K (revenue +2.3% year-over-year).
- 2016: Revenue of $566K, expenses of $618K, and assets of $74K (revenue +6.2% year-over-year).
- 2015: Revenue of $533K, expenses of $548K, and assets of $119K (revenue -5.0% year-over-year).
- 2014: Revenue of $561K, expenses of $551K, and assets of $198K (revenue +26.3% year-over-year).
- 2013: Revenue of $445K, expenses of $463K, and assets of $151K (revenue -1.6% year-over-year).
- 2012: Revenue of $452K, expenses of $455K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texarkana Symphony Orchestra:
Data Sources and Methodology
This transparency report for Texarkana Symphony Orchestra 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.