Shandalee Music Festival

Analysis

Shandalee Music Festival is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 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 February 2024, Shandalee Music Festival reported income of $140k and spending of $141k, spending 100% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $73k to $140k (+90%), an average of +90% a year. The sharpest change came in the year to February 2024, when income rose by 90%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shandalee Music Festival sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include First Floor Theater ($140k), Cincinnati Academy of Performing Arts ($140k) and Russian Arts Theater & Studio Inc ($140k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $25k against liabilities of $16k, net assets of $9,160.