Prometheus Symphony Orchestra Inc

Analysis

Prometheus Symphony Orchestra Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2022, 4 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, Prometheus Symphony Orchestra Inc reported income of $53k and spending of $48k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $42k to $53k (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prometheus Symphony Orchestra Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Jimmy Jack Foundation ($53k), Heart of Texas Country Music Museum Inc ($53k) and Educational Center for the Blind and the Handicapped of Puerto Rico ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $83k against liabilities of $2,413, net assets of $80k.