Stockton Symphony Association Inc

Analysis

Stockton Symphony Association Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in July 1960, 66 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 2023, Stockton Symphony Association Inc reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.8m (+28%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stockton Symphony Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Burritt Museum Association Inc ($1.8m), Oregon Coast Scenic Railroad ($1.8m) and Lake Erie Junior Nature & Science Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $219k (15% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.8m against liabilities of $282k, net assets of $1.5m. It reported 237 employees.