Geneva Concerts Inc

Analysis

Geneva Concerts Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in January 1982, 44 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 May 2024, Geneva Concerts Inc reported income of $164k and spending of $82k, leaving 50% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $146k to $164k (+12%), an average of +3.0% a year. The sharpest change came in the year to May 2022, when income rose by 106%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geneva Concerts Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Johnson County Historical Society ($164k), Downtown Belmont Development Association ($164k) and Valley Performing Arts Theater Inc ($164k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 46% and program service revenue 17% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.