San Luis Obispo Symphony Inc

Analysis

San Luis Obispo Symphony Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in July 1979, 47 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 June 2024, San Luis Obispo Symphony Inc reported income of $1.0m and spending of $951k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $821k to $1.0m (+25%), an average of +4.5% a year. The sharpest change came in the year to June 2024, when income rose by 61%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Luis Obispo Symphony Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Fuse Box Austin ($1.0m), Avon Theatre Film Center Inc ($1.0m) and True Concord Voices and Orchestra Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $189k (20% of expenses). Other salaries and wages came to $375k. At year end it held assets of $742k against liabilities of $72k, net assets of $670k. It reported 92 employees.