Seasonal Music Festival

Analysis

Seasonal Music Festival is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in October 2005, 21 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 December 2022, Seasonal Music Festival reported income of $367k and spending of $538k, spending 146% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $282k to $367k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seasonal Music Festival sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Bas Melech Performing Arts Program Inc ($367k), Rochester Public Radio ($368k) and Richmond Shakespeare ($367k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $45k (8.4% of expenses). Other salaries and wages came to $143k. At year end it held assets of $823k against liabilities of $366k, net assets of $457k. It reported 29 employees.