Reading Symphony Orchestra Inc
Nonprofit profile at a glance
- EIN
- 510204860
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024, Form 990-N 2016
- Location
- Reading, MA, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $46,312
- Expenses
- $42,552
- Assets
- $428,652
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Stephanie Verry (Vice President)
People named in this filing
- Dwight T Decker (Persident)
- Stephanie Verry (Vice President)
- Henry Houh (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide access to live symphonic music to the community to stimulate greater public appreciation and enjoyment of music promote music education and to provide an opportunity for amateurs and professionals to continue their lifelong study and performance of music.
What it reported doing in 2024
Held 3 concerts over the course of a year.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 61
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: 58.3%; rating input score 58
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.1%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 10.07; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: -53.7% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed · 58.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $25K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 59/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.