Bakersfield Symphony Orchestra Endowment Foundation

Analysis

Bakersfield Symphony Orchestra Endowment Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bakersfield Symphony Orchestra Endowment Foundation reported income of $191k and spending of $130k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $165k to $191k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bakersfield Symphony Orchestra Endowment Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Builders Association Educational and Scholarship Foundation ($191k), Pixie Hill Preschool ($191k) and Menorah Ministries Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.