Lake County Symphony Association Inc

Analysis

Lake County Symphony Association Inc is a registered charity in United States, based in Lakeport, CA. It received its IRS tax-exemption ruling in September 1979, 47 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 December 2023, Lake County Symphony Association Inc reported income of $109k and spending of $91k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $464k to $109k (-77%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake County Symphony Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Lamplite Players ($109k), Proam Sports Association Incorporated ($109k) and Bengali Association of North Carolina ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 18% of the total. Other salaries and wages came to $17k. At year end it held assets of $716k against liabilities of $2,393, net assets of $713k. It reported 50 employees.