Folsom Symphony Inc

Analysis

Folsom Symphony Inc is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in March 2004, 22 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, Folsom Symphony Inc reported income of $634k and spending of $389k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $452k to $634k (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 321%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folsom Symphony Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Swaminarayan Cultural Association Inc ($634k), Centre Stage Inc ($634k) and Puppet Showplace Inc ($634k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). At year end it held assets of $1.2m against liabilities of $140k, net assets of $1.1m. It reported 17 employees.