Music at Gretna Inc

Analysis

Music at Gretna Inc is a registered charity in United States, based in Lititz, PA. It received its IRS tax-exemption ruling in April 1982, 44 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 September 2023, Music at Gretna Inc reported income of $550k and spending of $436k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $333k to $550k (+65%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 161%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music at Gretna Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Cypress Creek Foundation for the Arts and Community Enrichment ($550k), Radio Diaries Inc ($550k) and Class Act Productions ($550k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $85k (20% of expenses). Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.1m. It reported 6 employees.