Tamworth Music Festival Inc

Analysis

Tamworth Music Festival Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2023, Tamworth Music Festival Inc reported income of $395k and spending of $419k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $395k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tamworth Music Festival Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Arts Council Inc Union Co ($395k), Delaware River Mill Society at Stockton ($395k) and Fort Chadbourne Foundation ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. At year end it held assets of $217k against liabilities of $490, net assets of $216k.