South Valley Symphony Association Inc

Analysis

South Valley Symphony Association Inc is a registered charity in United States, based in Gilroy, CA. It received its IRS tax-exemption ruling in May 1980, 46 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, South Valley Symphony Association Inc reported income of $72k and spending of $74k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $79k to $72k (-8.5%), an average of -8.5% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Valley Symphony Association Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Sonoma County Philharmonic ($72k), Creative Arts Team Inc ($72k) and Ogden Friends of Acoustic Music - Ofoam ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.