Filipino American Symphony Orchestra

Analysis

Filipino American Symphony Orchestra is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Filipino American Symphony Orchestra reported income of $299k and spending of $290k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $299k (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 80%. 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, Filipino American Symphony Orchestra sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Williams County Community Theater Inc ($299k), Great Gulfcoast Arts Festival Inc ($299k) and Rockit Live Foundation Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $93k (32% of expenses). Other salaries and wages came to $31k. At year end it held assets of $217k against liabilities of $74k, net assets of $144k. It reported 6 employees.