Mozart Festival Association

Analysis

Mozart Festival Association is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 September 2023, Mozart Festival Association reported income of $1.0m and spending of $995k, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $797k to $1.0m (+26%), an average of +7.9% a year. The sharpest change came in the year to September 2023, when income rose by 17%. 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, Mozart Festival Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Indo American Cultural and Religious Foundation of Arizona ($1.0m), Suicide Awareness-Voices of Education ($1.0m) and Crandell Theatre Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $109k (11% of expenses). Other salaries and wages came to $392k. At year end it held assets of $286k against liabilities of $41k, net assets of $245k. It reported 20 employees.