St Augustine Music Festival Inc

Analysis

St Augustine Music Festival Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in March 2010, 16 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, St Augustine Music Festival Inc reported income of $96k and spending of $87k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $154k to $96k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Augustine Music Festival Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Demolay International ($96k), Opus Music Foundation ($96k) and Jazz and Classics for Change Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $20k (23% of expenses). It paid $5,086 in professional fundraising fees. At year end it held assets of $100k against liabilities of $212, net assets of $99k.