Poway Symphony Orchestra Foundation

Analysis

Poway Symphony Orchestra Foundation is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in October 2015, 11 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, Poway Symphony Orchestra Foundation reported income of $125k and spending of $131k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $125k (+11%), an average of +11% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poway Symphony Orchestra Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Minnesota Shakespeare Theater ($125k), Sickles High School Band Boosters Inc ($125k) and Hello Stranger Foundation ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $63k against liabilities of $26, net assets of $63k.