Street Symphony Project Inc

Analysis

Street Symphony Project Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Street Symphony Project Inc reported income of $376k and spending of $522k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $376k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Street Symphony Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Brihanmharashtra Mandal of North America Inc ($376k), Integrity Dance Center Inc ($376k) and Ohio Alliance for Arts Education ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $180k (34% of expenses). Other salaries and wages came to $89k. At year end it held assets of $415k against liabilities of $0, net assets of $415k. It reported 4 employees.