Lubbock Symphony Orchestra Inc

Charity Navigator Rating 77% - Three-Star out of Four Star rating

The Lubbock Symphony Orchestra Inc. has received a 77% rating from Charity Navigator, earning a Three-Star designation. This score is entirely based on the organization's Accountability & Finance category, indicating a strong emphasis on financial governance. The charity demonstrates a commendable structure with a fully independent board, robust audit oversight, and no reported diversion of assets.

While the organization excels in many areas, there are notable gaps in its policies, specifically the absence of a whistleblower policy and a document retention and destruction policy, which could impact transparency and accountability. Additionally, the organization has not posted its tax form on its website, which may limit public access to important financial information.

The financial health of the Lubbock Symphony Orchestra is reflected in its low liabilities to assets ratio and a reasonable program expense ratio. However, the relatively low score in the program expense category suggests that there is room for improvement in how funds are allocated to programs versus administrative costs. Overall, while the organization has a solid financial foundation, addressing policy gaps will enhance its accountability and public trust.

This AI summary has been generated from information found on Charity Navigator.

Lubbock Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lubbock Symphony Orchestra Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $148,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,052

For more financial information, click here

Official website here: www.lubbocksymphony.org