Grand Teton Music Festival Inc

Analysis

Grand Teton Music Festival Inc is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in February 1970, 56 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 December 2023, Grand Teton Music Festival Inc reported income of $9.0m and spending of $6.0m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $9.0m (+157%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 212%. 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, Grand Teton Music Festival Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 98th percentile within WY. Charities of a similar size with the same main cause include Orlando Ballet Inc ($9.0m), Omaha Symphony Association ($9.0m) and American Society for Nondestructive Testing Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $552k (9.2% of expenses). Other salaries and wages came to $611k. At year end it held assets of $24.2m against liabilities of $1.5m, net assets of $22.7m. It reported 21 employees.