Philharmonic Society of Orange County

Analysis

Philharmonic Society of Orange County is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 1955, 71 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 June 2023, Philharmonic Society of Orange County reported income of $5.2m and spending of $5.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philharmonic Society of Orange County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Henry Gallery Association Inc ($5.2m), Ballet Oklahoma Inc ($5.2m) and Cobb Community Foundation Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $479k (9.4% of expenses). Other salaries and wages came to $955k. At year end it held assets of $4.8m against liabilities of $1.3m, net assets of $3.5m. It reported 22 employees.