Sequoia Symphony Orchestra

Analysis

Sequoia Symphony Orchestra is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in August 1964, 62 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 April 2023, Sequoia Symphony Orchestra reported income of $631k and spending of $888k, spending 141% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $591k to $631k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to April 2022, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sequoia Symphony Orchestra sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Tu Dance ($631k), Chelsea Art Theater Inc ($631k) and Cuban American National Foundation Inc ($631k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Other salaries and wages came to $302k. At year end it held assets of $1.2m against liabilities of $95k, net assets of $1.1m. It reported 131 employees.