Songfest

Analysis

Songfest is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in October 2002, 24 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 August 2023, Songfest reported income of $1.1m and spending of $536k, leaving 50% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $546k to $1.1m (+95%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 780%. 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, Songfest 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 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Washington Art Association Inc ($1.1m), Lincoln Collection Endowment ($1.1m) and Seventh Art Corporation of Ithaca ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). At year end it held assets of $1.9m against liabilities of $75k, net assets of $1.8m. It reported 1 employees.