Symphony San Jose

Analysis

Symphony San Jose is a registered charity in United States, based in San Jose, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Symphony San Jose reported income of $2.4m and spending of $3.6m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.4m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony San Jose sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Heyday ($2.4m), Coastal Discovery Museum ($2.4m) and American Friends of Polin Museum of the History of Polish Jews Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $286k (8.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.5m against liabilities of $684k, net assets of $2.8m. It reported 424 employees.