West Virginia Symphony Orchestra Foundation Inc
West Virginia Symphony Orchestra Foundation maintains strong asset growth and zero officer compensation.
EIN: 205635406 · Charleston, WV · NTEE: A116 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $384K |
| Total Expenses | $296K |
| Program Spending | 85% |
| Net Assets | $12.4M |
| Transparency Score | 90/100 |
Is West Virginia Symphony Orchestra Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
West Virginia Symphony Orchestra Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About West Virginia Symphony Orchestra Foundation Inc
West Virginia Symphony Orchestra Foundation Inc (EIN: 205635406) is a nonprofit organization based in Charleston, WV, classified under NTEE code A116. The organization reported total revenue of $384K and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Virginia Symphony Orchestra Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Virginia Symphony Orchestra Foundation Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $384K |
| Total Expenses | $296K |
| Surplus / Deficit | +$87K |
| Total Assets | $12.6M |
| Total Liabilities | $135K |
| Net Assets | $12.4M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 508.6 months |
Financial Health Grade: A
In 2024, West Virginia Symphony Orchestra Foundation Inc reported a surplus of $87K with revenue exceeding expenses, holds 508.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), West Virginia Symphony Orchestra Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.7% | +163.2% | +10.8% |
| 2023 | -2.9% | -49.6% | +8.4% |
| 2022 | -5.3% | +72.5% | -7.6% |
| 2021 | +120.8% | -64.1% | +31.3% |
| 2020 | -85.2% | +8.6% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 West Virginia Symphony Orchestra Foundation Inc with a Mission Score of 90 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, West Virginia Symphony Orchestra Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates with either volunteer leadership or compensation is covered by the supported entity, which is highly efficient for a foundation of this size.
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 West Virginia Symphony Orchestra Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue volatility, which could impact consistent grantmaking if not managed by a stable endowment.
Strengths
The following positive indicators were identified for West Virginia Symphony Orchestra Foundation Inc:
- Consistent asset growth, reaching $12,554,860 in 2024, demonstrating strong financial management.
- Zero officer compensation reported across all filings, indicating high efficiency and transparency.
- Low liabilities relative to assets, with $135,000 in liabilities against $12,554,860 in assets in 2024.
- Clear focus as a supporting organization, likely minimizing direct program delivery costs and maximizing endowment growth for its beneficiary.
Frequently Asked Questions about West Virginia Symphony Orchestra Foundation Inc
Is West Virginia Symphony Orchestra Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, West Virginia Symphony Orchestra Foundation Inc (EIN: 205635406) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does West Virginia Symphony Orchestra Foundation Inc spend its money?
West Virginia Symphony Orchestra Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to West Virginia Symphony Orchestra Foundation Inc tax-deductible?
West Virginia Symphony Orchestra Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205635406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of West Virginia Symphony Orchestra Foundation Inc's spending goes to programs?
West Virginia Symphony Orchestra Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does West Virginia Symphony Orchestra Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), West Virginia Symphony Orchestra Foundation Inc is above average for NTEE category A116 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is West Virginia Symphony Orchestra Foundation Inc located?
West Virginia Symphony Orchestra Foundation Inc is headquartered in Charleston, West Virginia and files with the IRS under EIN 205635406. It is classified under NTEE code A116.
How many years of IRS 990 filings does West Virginia Symphony Orchestra Foundation Inc have?
West Virginia Symphony Orchestra Foundation 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 $384K in total revenue.
What is the primary function of the West Virginia Symphony Orchestra Foundation Inc.?
The foundation primarily functions as a supporting organization, managing and growing an endowment to provide financial support to the West Virginia Symphony Orchestra.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $6,209,987 in 2015 to $12,554,860 in 2024, nearly doubling in less than a decade.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating a highly efficient and transparent approach to executive pay.
Are there significant fluctuations in revenue?
Yes, revenue has fluctuated significantly, with peaks of over $1 million in 2019 and over $2 million in 2018, contrasting with lower revenue years like $157,784 in 2020, likely due to varying investment returns or large, infrequent contributions.
Filing History
IRS 990 filing history for West Virginia Symphony Orchestra Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), West Virginia Symphony Orchestra Foundation Inc's revenue has declined by 32.1%, moving from $565K to $384K. Total assets increased by 82.9% over the same period, from $6.9M to $12.6M. Total functional expenses fell by 23.8%, from $389K to $296K. In its most recent filing year (2024), West Virginia Symphony Orchestra Foundation Inc reported a surplus of $87K, with revenue exceeding expenses. The organization holds $135K in liabilities against $12.6M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $384K | $296K | $12.6M | $135K | — | — |
| 2023 | $321K | $113K | $11.3M | $65K | — | View 990 |
| 2022 | $330K | $223K | $10.5M | $175K | — | View 990 |
| 2021 | $348K | $129K | $11.3M | $0 | — | View 990 |
| 2020 | $158K | $361K | $8.6M | $0 | — | View 990 |
| 2019 | $1.1M | $332K | $9.3M | $0 | — | View 990 |
| 2018 | $2.2M | $349K | $8.8M | $0 | — | View 990 |
| 2017 | $759K | $309K | $6.8M | $0 | — | View 990 |
| 2016 | $346K | $470K | $5.8M | $0 | — | View 990 |
| 2015 | $421K | $825K | $6.2M | $0 | — | View 990 |
| 2014 | $569K | $514K | $6.9M | $0 | — | View 990 |
| 2013 | $242K | $636K | $6.6M | $420K | — | View 990 |
| 2012 | $294K | $274K | $6.5M | $479K | — | View 990 |
| 2011 | $565K | $389K | $6.9M | $577K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $384K, expenses of $296K, and assets of $12.6M (revenue +19.7% year-over-year).
- 2023: Revenue of $321K, expenses of $113K, and assets of $11.3M (revenue -2.9% year-over-year).
- 2022: Revenue of $330K, expenses of $223K, and assets of $10.5M (revenue -5.3% year-over-year).
- 2021: Revenue of $348K, expenses of $129K, and assets of $11.3M (revenue +120.8% year-over-year).
- 2020: Revenue of $158K, expenses of $361K, and assets of $8.6M (revenue -85.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $332K, and assets of $9.3M (revenue -51.3% year-over-year).
- 2018: Revenue of $2.2M, expenses of $349K, and assets of $8.8M (revenue +187.7% year-over-year).
- 2017: Revenue of $759K, expenses of $309K, and assets of $6.8M (revenue +119.6% year-over-year).
- 2016: Revenue of $346K, expenses of $470K, and assets of $5.8M (revenue -18.0% year-over-year).
- 2015: Revenue of $421K, expenses of $825K, and assets of $6.2M (revenue -26.0% year-over-year).
- 2014: Revenue of $569K, expenses of $514K, and assets of $6.9M (revenue +134.8% year-over-year).
- 2013: Revenue of $242K, expenses of $636K, and assets of $6.6M (revenue -17.5% year-over-year).
- 2012: Revenue of $294K, expenses of $274K, and assets of $6.5M (revenue -48.0% year-over-year).
- 2011: Revenue of $565K, expenses of $389K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Virginia Symphony Orchestra Foundation Inc:
Data Sources and Methodology
This transparency report for West Virginia Symphony Orchestra Foundation 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.