Long Beach Symphony Association

Analysis

Long Beach Symphony Association is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 1945, 81 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, Long Beach Symphony Association reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.5m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Beach Symphony Association sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Connecticut Players Foundation Inc ($3.5m), Putnam Museum and Science Center ($3.5m) and Threewalls ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $321k (8.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $1.3m, net assets of $2.8m. It reported 255 employees.