Boca Raton Philarmonic Symphonia

Analysis

Boca Raton Philarmonic Symphonia is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Boca Raton Philarmonic Symphonia reported income of $472k and spending of $611k, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $590k to $472k (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2022, when income rose by 92%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boca Raton Philarmonic Symphonia sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Ivy Community Foundation Inc ($472k), Morris W Stroud 3rd TR U-W Pennswood 2 ($472k) and Malone Minor Hockey Assoc Inc ($472k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 25% of the total. Other salaries and wages came to $111k. At year end it held assets of $940k against liabilities of $80k, net assets of $860k. It reported 2 employees.