Corona Symphony Orchestra

Analysis

Corona Symphony Orchestra is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in September 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Corona Symphony Orchestra reported income of $94k and spending of $101k, spending 107% of what it took in. Across the 4 years on record, from April 2020 to April 2024, income grew from $84k to $94k (+12%), an average of +3.8% a year. The sharpest change came in the year to April 2023, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corona Symphony Orchestra sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Jewish Heritage Museum of Monmouthcty Inc ($94k), American Society of Military History Inc ($94k) and Germantown Community Broadcasting ($94k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 76% and program service revenue 21% of the total. At year end it held assets of $43k against liabilities of $50, net assets of $43k.