Peninsula Committee for the Los Angeles Philharmonic Orchestra

Analysis

Peninsula Committee for the Los Angeles Philharmonic Orchestra is a registered charity in United States, based in PLS VRDS PNSL, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 2024, Peninsula Committee for the Los Angeles Philharmonic Orchestra reported income of $142k and spending of $167k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to June 2024, income fell from $290k to $142k (-51%), an average of -16% a year. The sharpest change came in the year to June 2023, when income rose by 451%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Committee for the Los Angeles Philharmonic Orchestra sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Northstar Band Parents Inc ($142k), Tuleburg Press ($142k) and Guild Complex ($142k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 55% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.

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.