Orchestra Santa Monica

Analysis

Orchestra Santa Monica is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 2012, 14 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 2024, Orchestra Santa Monica reported income of $206k and spending of $278k, spending 135% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $357k to $206k (-42%), an average of -42% a year. The sharpest change came in the year to June 2024, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orchestra Santa Monica sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Pufferbelly Junction Inc ($206k), Global Water Consortium ($206k) and Kingman Museum Inc ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $20k (7.2% of expenses). Other salaries and wages came to $143k. At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 110 employees.