Great Waters Music Festival Inc

Analysis

Great Waters Music Festival Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in February 1997, 29 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, Great Waters Music Festival Inc reported income of $855k and spending of $867k, spending 101% of its income. Across the 5 years on record, from March 2015 to December 2023, income grew from $265k to $855k (+222%), an average of +34% a year. The sharpest change came in the year to December 2019, when income rose by 148%. 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, Great Waters Music Festival Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Lamplighters Music Theatre ($855k), Third Avenue Playhouse Inc ($855k) and Harwelden Society of Tulsa ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $54k (6.2% of expenses). Other salaries and wages came to $68k. At year end it held assets of $663k against liabilities of $162k, net assets of $501k. It reported 5 employees.