Celebrate the Beat

Analysis

Celebrate the Beat is a registered charity in United States, based in Dillon, CO. It received its IRS tax-exemption ruling in August 2004, 22 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 July 2024, Celebrate the Beat reported income of $286k and spending of $305k, spending 107% of what it took in. Across the 6 years on record, from December 2019 to July 2024, income fell from $793k to $286k (-64%), an average of -18% a year. The sharpest change came in the year to July 2021, when income rose by 133%. 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, Celebrate the Beat sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Axs Lab Inc ($286k), Kake Tribal Heritage Foundation ($286k) and Outerarts Maryland Inc ($286k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $122k (40% of expenses). Other salaries and wages came to $85k. At year end it held assets of $76k against liabilities of $4,343, net assets of $72k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.