Symphony Parnassus

Analysis

Symphony Parnassus is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 August 2024, Symphony Parnassus reported income of $70k and spending of $54k, leaving 23% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income fell from $83k to $70k (-15%), an average of -8.0% a year. The sharpest change came in the year to August 2024, when income rose by 51%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Symphony Parnassus sits at the 31st percentile: it is larger than about 31% 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 Common Tone Arts ($70k), Sawmill Center Inc ($70k) and Elmhurst Memorial League Inc ($70k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $22k against liabilities of $5,892, net assets of $16k.