California Symphony Orchestra Inc

Analysis

California Symphony Orchestra Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in November 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, California Symphony Orchestra Inc reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.3m to $2.2m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to July 2023, when income rose by 117%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Symphony Orchestra Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Sewell C Biggs Trust 12-29-89 ($2.2m), Paul Revere Memorial Assoc Corp ($2.2m) and Eastern Music Festival Inc ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 90% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $165k (9.2% of expenses). Other salaries and wages came to $871k. At year end it held assets of $457k against liabilities of $183k, net assets of $274k. It reported 247 employees.