Backcountry Concerts Inc

Analysis

Backcountry Concerts Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Backcountry Concerts Inc reported income of $304k and spending of $287k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $217k to $304k (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Backcountry Concerts Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Youth Art Team ($304k), 40 West Arts Inc ($304k) and The Opera Atelier Inc ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $59k (21% of expenses). It paid $14k in professional fundraising fees. At year end it held assets of $168k against liabilities of $0, net assets of $168k.