Festival of New Trumpet Music Inc

Analysis

Festival of New Trumpet Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2007, 19 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, Festival of New Trumpet Music Inc reported income of $52k and spending of $42k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $52k (+6.6%), an average of +6.6% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival of New Trumpet Music Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Oklahoma Military Hall of Fame Foundation ($52k), Deer Isle-Stonington Historical Society Inc ($52k) and Winder-Barrow Community Theatre Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.