Virginia Symphony Orchestra
EIN: 546000598 · Norfolk, VA · NTEE: A69I
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $9.3M |
| Net Assets | $1.9M |
Is Virginia Symphony Orchestra Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Symphony Orchestra
Virginia Symphony Orchestra (EIN: 546000598) is a nonprofit organization based in Norfolk, VA, classified under NTEE code A69I. The organization reported total revenue of $6.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Symphony Orchestra is a mid-size nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $9.3M |
| Surplus / Deficit | $-2,441,932 |
| Total Assets | $3.1M |
| Total Liabilities | $1.2M |
| Net Assets | $1.9M |
| Operating Margin | -35.7% |
| Debt-to-Asset Ratio | 39.5% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2023, Virginia Symphony Orchestra reported a deficit of $2.4M with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 39.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | +16.0% | -41.5% |
| 2022 | +33.3% | +76.4% | -8.7% |
| 2021 | -11.2% | -26.2% | +3.7% |
| 2020 | -25.9% | -5.5% | +30.2% |
| 2019 | +19.2% | -1.1% | +70.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Symphony Orchestra 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 Virginia Symphony Orchestra 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.5%.
Frequently Asked Questions about Virginia Symphony Orchestra
Is Virginia Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Symphony Orchestra (EIN: 546000598) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Symphony Orchestra spend its money?
Detailed spending breakdown data is not yet available for Virginia Symphony Orchestra. Check back for updated IRS 990 analysis.
Are donations to Virginia Symphony Orchestra tax-deductible?
Virginia Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 546000598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Symphony Orchestra located?
Virginia Symphony Orchestra is headquartered in Norfolk, Virginia and files with the IRS under EIN 546000598. It is classified under NTEE code A69I.
How many years of IRS 990 filings does Virginia Symphony Orchestra have?
Virginia Symphony Orchestra 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 $6.3M in total revenue.
Filing History
IRS 990 filing history for Virginia Symphony Orchestra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Symphony Orchestra's revenue has grown by 26.8%, moving from $5.4M to $6.8M. Total assets increased by 103.4% over the same period, from $1.5M to $3.1M. Total functional expenses rose by 70.1%, from $5.5M to $9.3M. In its most recent filing year (2023), Virginia Symphony Orchestra reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $3.1M in assets (debt-to-asset ratio: 39.5%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $9.3M | $3.1M | $1.2M | — | View 990 |
| 2022 | $8.2M | $8.0M | $5.3M | $954K | — | View 990 |
| 2021 | $6.1M | $4.5M | $5.8M | $1.6M | — | View 990 |
| 2020 | $6.9M | $6.1M | $5.6M | $3.2M | — | View 990 |
| 2019 | $9.3M | $6.5M | $4.3M | $2.7M | — | View 990 |
| 2018 | $7.8M | $6.6M | $2.5M | $3.8M | — | View 990 |
| 2017 | $6.2M | $6.2M | $1.3M | $3.8M | — | View 990 |
| 2016 | $6.2M | $6.1M | $1.4M | $4.0M | — | View 990 |
| 2015 | $6.7M | $6.7M | $1.5M | $4.0M | — | View 990 |
| 2014 | $5.8M | $6.1M | $1.4M | $3.9M | — | View 990 |
| 2013 | $5.6M | $5.9M | $1.6M | $3.8M | — | View 990 |
| 2012 | $5.7M | $5.7M | $1.5M | $3.4M | — | View 990 |
| 2011 | $5.4M | $5.5M | $1.5M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $9.3M, and assets of $3.1M (revenue -16.6% year-over-year).
- 2022: Revenue of $8.2M, expenses of $8.0M, and assets of $5.3M (revenue +33.3% year-over-year).
- 2021: Revenue of $6.1M, expenses of $4.5M, and assets of $5.8M (revenue -11.2% year-over-year).
- 2020: Revenue of $6.9M, expenses of $6.1M, and assets of $5.6M (revenue -25.9% year-over-year).
- 2019: Revenue of $9.3M, expenses of $6.5M, and assets of $4.3M (revenue +19.2% year-over-year).
- 2018: Revenue of $7.8M, expenses of $6.6M, and assets of $2.5M (revenue +26.6% year-over-year).
- 2017: Revenue of $6.2M, expenses of $6.2M, and assets of $1.3M (revenue +-0.0% year-over-year).
- 2016: Revenue of $6.2M, expenses of $6.1M, and assets of $1.4M (revenue -7.4% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.7M, and assets of $1.5M (revenue +15.1% year-over-year).
- 2014: Revenue of $5.8M, expenses of $6.1M, and assets of $1.4M (revenue +2.9% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.9M, and assets of $1.6M (revenue -1.3% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.7M, and assets of $1.5M (revenue +6.2% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Symphony Orchestra:
Data Sources and Methodology
This transparency report for Virginia 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.