Bay Philharmonic

Analysis

Bay Philharmonic is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in April 1968, 58 years ago. 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 June 2023, Bay Philharmonic reported income of $389k and spending of $513k, spending 132% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $338k to $389k (+15%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Philharmonic sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include The Little Schoolhouse Inc ($389k), Alamance County Rescue Unit Inc ($389k) and St Pauls Free Clinic Inc ($389k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $142k (28% of expenses). Other salaries and wages came to $120k. At year end it held assets of $52k against liabilities of -$242, net assets of $52k. It reported 5 employees.