New West Symphony Association

Analysis

New West Symphony Association is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in January 1996, 30 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 August 2023, New West Symphony Association reported income of $2.6m and spending of $2.9m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.9m to $2.6m (-11%), an average of -2.8% a year. The sharpest change came in the year to August 2020, when income dropped by 52%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New West Symphony Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Da Camera Society of Texas ($2.6m), Red River STEM Inc ($2.6m) and National Atomic Museum Foundation ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $764k against liabilities of $1.0m, net assets of -$268k. It reported 171 employees.