Coming Together Festival of Dance & Music

Analysis

Coming Together Festival of Dance & Music is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in March 1975, 51 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, Coming Together Festival of Dance & Music reported income of $186k and spending of $222k, spending 119% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $328k to $186k (-43%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coming Together Festival of Dance & Music sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Taispean Charities Ltd ($186k), Jefferson County Historical Society Inc ($186k) and Sleeping Bear Forever ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $53k. At year end it held assets of $61k against liabilities of $66k, net assets of -$5,288. It reported 6 employees.