Classical Music Festival Eisenstadter Sommerakademie

Analysis

Classical Music Festival Eisenstadter Sommerakademie is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in May 2009, 17 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, Classical Music Festival Eisenstadter Sommerakademie reported income of $172k and spending of $129k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $163k to $172k (+5.1%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 4026%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classical Music Festival Eisenstadter Sommerakademie sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OK. Charities of a similar size with the same main cause include Aiken Community Theatre Inc ($172k), Petaluma Wildlife and Natural Science Museum ($172k) and Chelsea Music Festival Corporation ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.