Market Square Concerts

Analysis

Market Square Concerts is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in July 1985, 41 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 2024, Market Square Concerts reported income of $253k and spending of $222k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $205k to $253k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Market Square Concerts sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Preservation Society of Fall River Inc ($253k), Stay Driven Charitable Foundation Inc ($253k) and Majestic Theatre ($253k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 16% of the total. Other salaries and wages came to $86k. At year end it held assets of $666k against liabilities of $7,991, net assets of $658k. It reported 3 employees.