Olympia Philharmonic Society

Analysis

Olympia Philharmonic Society is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, Olympia Philharmonic Society reported income of $61k and spending of $58k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $61k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olympia Philharmonic Society sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include St Michaels Home ($61k), PTA Texas Congress ($61k) and Cheesequake Volunteer First Aid Squad Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.