Maverick Concerts Inc

Analysis

Maverick Concerts Inc is a registered charity in United States, based in Woodstock, NY. It received its IRS tax-exemption ruling in May 1967, 59 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 December 2023, Maverick Concerts Inc reported income of $384k and spending of $342k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $384k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 269%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maverick Concerts 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 62nd percentile within NY. Charities of a similar size with the same main cause include Aiken Music Festival ($384k), Minorities in Cybersecurity Inc ($384k) and International College of Prosthodontists ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $27k (7.8% of expenses). At year end it held assets of $2.5m against liabilities of $64k, net assets of $2.5m. It reported 1 employees.