San Diego Symphony Foundation

Analysis

San Diego Symphony Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Diego Symphony Foundation reported income of $4.3m and spending of $6.5m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $52.1m to $4.3m (-92%), an average of -46% a year. The sharpest change came in the year to June 2023, when income rose by 123%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Symphony Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Saint Louis Symphony Endowment Trust ($4.3m), Houston Christian Broadcasters Inc ($4.3m) and Portland Maine Symphony Orchestra ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $110.1m against liabilities of $0, net assets of $110.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.