Symphony of the Redwoods

Analysis

Symphony of the Redwoods is a registered charity in United States, based in Fort Bragg, CA. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2023, Symphony of the Redwoods reported income of $235k and spending of $270k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $238k to $235k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony of the Redwoods sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Academy of Performing Arts Inc ($235k), Rehoboth Beach Historical Society ($235k) and Charlotte Master Chorale Inc ($235k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $119k. At year end it held assets of $357k against liabilities of $13k, net assets of $344k. It reported 91 employees.