Pasadena Symphony Association

Analysis

Pasadena Symphony Association is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in December 1955, 71 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 September 2023, Pasadena Symphony Association reported income of $5.4m and spending of $5.8m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $5.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2021, when income rose by 109%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pasadena Symphony Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Young Audiences of Louisiana Inc ($5.4m), Mississippi Childrens Museum ($5.4m) and American Oil Chemists Society ($5.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $136k (2.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.0m against liabilities of $2.4m, net assets of $8.6m. It reported 316 employees.