Steamboat Springs Free Summerconcert Series

Analysis

Steamboat Springs Free Summerconcert Series is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in December 2008, 18 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 2023, Steamboat Springs Free Summerconcert Series reported income of $413k and spending of $410k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $413k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 725%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamboat Springs Free Summerconcert Series sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Chamber Music Charleston ($413k), Temple Childrens Museum ($413k) and Caborca Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. It paid $5,505 in professional fundraising fees. At year end it held assets of $77k against liabilities of $50k, net assets of $26k.