Riverside County Philharmonic Association Inc

Analysis

Riverside County Philharmonic Association Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in March 1960, 66 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 May 2024, Riverside County Philharmonic Association Inc reported income of $436k and spending of $616k, spending 141% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $469k to $436k (-7.0%), an average of -1.4% a year. The sharpest change came in the year to May 2022, when income rose by 86%. 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, Riverside County Philharmonic Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Cuban Classical Ballet of Miami Inc ($436k), Chamber Music Pittsburgh ($436k) and Public Radio News Directors Inc ($436k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $256k. At year end it held assets of $27k against liabilities of $117k, net assets of -$90k. It reported 8 employees.