Los Angeles Philharmonic Association

Analysis

Los Angeles Philharmonic Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1935, 91 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 September 2023, Los Angeles Philharmonic Association reported income of $208.1m and spending of $196.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $187.2m to $208.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Philharmonic Association sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Prepass Safety Alliance ($196.5m), Seti Institute ($209.9m) and Gmto Corporation ($194.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $9.0m (4.6% of expenses). Other salaries and wages came to $63.5m. It paid $680k in professional fundraising fees. At year end it held assets of $531.4m against liabilities of $61.4m, net assets of $470.0m. It reported 2,612 employees.