Claremont Symphony Orchestra Association

Analysis

Claremont Symphony Orchestra Association is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in April 1961, 65 years ago. 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 July 2024, Claremont Symphony Orchestra Association reported income of $78k and spending of $93k, spending 119% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $66k to $78k (+18%), an average of +4.2% a year. The sharpest change came in the year to July 2023, when income rose by 289%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claremont Symphony Orchestra Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Asheboro Public Library Foundation ($78k), Midlothian High School Band Boosters ($78k) and Clothes to Kids of Fairfield County Inc ($78k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 76% and program service revenue 1.2% of the total. Other salaries and wages came to $25k. At year end it held assets of $863k against liabilities of $851, net assets of $862k. It reported 3 employees.