Modesto Symphony Orchestra Association

Analysis

Modesto Symphony Orchestra Association is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in September 1944, 82 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, Modesto Symphony Orchestra Association reported income of $1.7m and spending of $2.2m, spending 131% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.7m to $1.7m (-2.5%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Modesto Symphony Orchestra Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Jasmine Moran Childrens Museum Foundation Inc ($1.7m), Permian Basin Public Telecommunications Inc ($1.7m) and Lambda Literary Foundation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $93k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $334k, net assets of $1.8m. It reported 306 employees.