Eureka Symphony

Analysis

Eureka Symphony is a registered charity in United States, based in Bayside, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eureka Symphony reported income of $308k and spending of $328k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $252k to $308k (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 194%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eureka Symphony sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Cloud Institute for Sustainability Education ($308k), Artists of Yardley ($308k) and Arizona Center for Investigative Reporting ($308k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $76k (23% of expenses). At year end it held assets of $613k against liabilities of $95k, net assets of $518k. It reported 1 employees.