Los Angeles Symphony

Analysis

Los Angeles Symphony is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2001, 25 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 December 2023, Los Angeles Symphony reported income of $174k and spending of $177k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $174k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 97% 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 Symphony sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Wild Space Inc ($174k), Noorani Dance ($174k) and Sandhills Womans Exchange Cabin Pre Servation Organization ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $97k against liabilities of $97k, net assets of $492.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.