Santa Monica Symphony Association

Analysis

Santa Monica Symphony Association is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in February 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Santa Monica Symphony Association reported income of $244k and spending of $210k, spending 86% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $148k to $244k (+65%), an average of +18% a year. The sharpest change came in the year to July 2022, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Monica Symphony Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include San Francisco International Arts Festival Inc ($244k), Hill Country Youth Orchestras Inc ($244k) and Tennessee Overhill Heritage Association ($244k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 93% and program service revenue 0.0% of the total. Other salaries and wages came to $54k. At year end it held assets of $729k against liabilities of $16k, net assets of $712k. It reported 28 employees.