Bakersfield Symphony Orchestra Inc

Analysis

Bakersfield Symphony Orchestra Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 1948, 78 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, Bakersfield Symphony Orchestra Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $805k to $1.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bakersfield Symphony Orchestra Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Wyofile ($1.2m), Hawaii Performing Arts Company Ltd ($1.2m) and Art in Action ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $187k (18% of expenses). Other salaries and wages came to $422k. At year end it held assets of $623k against liabilities of $141k, net assets of $482k. It reported 186 employees.