New England Music Festival Association Inc

Analysis

New England Music Festival Association Inc is a registered charity in United States, based in Oak Bluffs, MA. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, New England Music Festival Association Inc reported income of $175k and spending of $173k, spending 98% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $109k to $175k (+61%), an average of +61% a year. The sharpest change came in the year to August 2024, when income rose by 61%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Music Festival Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include National Cambodian Museum & Killing Fields Memorial ($175k), Rhode Island Center for the Book ($175k) and Skabob House ($175k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 2.9% and program service revenue 94% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.