Peninsula Symphony of Northern California Association

Analysis

Peninsula Symphony of Northern California Association is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in December 1955, 71 years ago. 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 2023, Peninsula Symphony of Northern California Association reported income of $713k and spending of $733k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $713k (-71%), an average of -27% a year. The sharpest change came in the year to June 2020, when income dropped by 71%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Symphony of Northern California Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include United Fund of Globe-Miami Inc ($713k), East Grand Rapids Team Boosters ($713k) and Boys and Girls Clubs of Northeast Mississippi Inc ($712k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $86k (12% of expenses). Other salaries and wages came to $172k. At year end it held assets of $4.2m against liabilities of $62k, net assets of $4.1m. It reported 8 employees.