Aiken Music Festival

Analysis

Aiken Music Festival is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in October 2008, 18 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 April 2024, Aiken Music Festival reported income of $384k and spending of $443k, spending 115% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $373k to $384k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to April 2022, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aiken Music Festival sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include International College of Prosthodontists ($384k), Maverick Concerts Inc ($384k) and Endowment Fund for Preservation of Ranch Heritage of America ($384k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). At year end it held assets of $114k against liabilities of $1,928, net assets of $112k. It reported 1 employees.