Socal Symphony Society

Analysis

Socal Symphony Society is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in July 1980, 46 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, Socal Symphony Society reported income of $347k and spending of $264k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $371k to $347k (-6.4%), an average of -2.2% a year. The sharpest change came in the year to June 2023, when income rose by 548%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Socal Symphony Society sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Naatak ($347k), Ben Initiative ($347k) and Christ in the Arts of West Texas Inc ($347k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $255k against liabilities of $260, net assets of $255k. It reported 94 employees.