Asia America Symphony Association

Analysis

Asia America Symphony Association is a registered charity in United States, based in PLS VRDS PNSL, CA. It received its IRS tax-exemption ruling in October 1961, 65 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 December 2023, Asia America Symphony Association reported income of $79k and spending of $118k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $302k to $79k (-74%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asia America Symphony Association sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Playcrafters Inc ($79k), Boneyfiddle Project ($79k) and Sound & Spirit Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Other salaries and wages came to $38k. At year end it held assets of $3,508 against liabilities of $4,247, net assets of -$739. It reported 10 employees.