New York Guitar Festival

Analysis

New York Guitar Festival is a registered charity in United States, based in Ocean Grove, NJ. It received its IRS tax-exemption ruling in December 2016, 10 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 December 2023, New York Guitar Festival reported income of $52k and spending of $53k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $52k to $52k (-1.6%), an average of -1.6% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Guitar Festival sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include National Stearman Fly-In NFP Inc ($52k), Delaware Water Gap Celebration of Arts Inc ($52k) and National Society Daughters of Colonial Wars Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.