South Bay Guitar Society of San Jose

Analysis

South Bay Guitar Society of San Jose is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in December 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 June 2024, South Bay Guitar Society of San Jose reported income of $55k and spending of $65k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $59k to $55k (-7.3%), an average of -7.3% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Bay Guitar Society of San Jose sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Antique & Classic Aircraftinternational Inc ($55k), North Carolina Supreme Court Historical Society ($55k) and Maple Valley Creative Arts Council ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $48k against liabilities of $2,973, net assets of $45k.