Boston Early Music Festival Inc

Analysis

Boston Early Music Festival Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 1981, 45 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 June 2023, Boston Early Music Festival Inc reported income of $5.2m and spending of $5.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Early Music Festival Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Epochtimes Public Media Inc ($5.2m), Research for Action Inc ($5.2m) and Ballet Oklahoma Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $123k (2.4% of expenses). Other salaries and wages came to $448k. At year end it held assets of $1.4m against liabilities of $755k, net assets of $612k. It reported 9 employees.