Manchester Music Festival Inc

Analysis

Manchester Music Festival Inc is a registered charity in United States, based in Manchester, VT. It received its IRS tax-exemption ruling in March 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Manchester Music Festival Inc reported income of $673k and spending of $530k, leaving 21% of income unspent that year. Across the 6 years on record, from August 2019 to December 2023, income grew from $422k to $673k (+60%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 457%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manchester Music Festival Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within VT. Charities of a similar size with the same main cause include Ashland Productions Inc ($673k), Manhattan Arts Center Inc ($673k) and Alliance for Market Solutions Inc ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $61k. At year end it held assets of $2.3m against liabilities of $9,625, net assets of $2.3m. It reported 8 employees.