Bremerton Symphony Association Inc

Analysis

Bremerton Symphony Association Inc is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in August 1999, 27 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 2022, Bremerton Symphony Association Inc reported income of $161k and spending of $377k, spending 235% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $273k to $161k (-41%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bremerton Symphony Association Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Photoworks Inc ($161k), The Pointe Coupee Historical Society Inc ($161k) and Totopotpmoy Battlefield at Rural Plains Foundation ($161k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $210k. At year end it held assets of $67k against liabilities of $21k, net assets of $46k. It reported 14 employees.