Vintage Band Music Festival

Analysis

Vintage Band Music Festival is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in October 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, Vintage Band Music Festival reported income of $66k and spending of $30k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $66k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vintage Band Music Festival sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Music Festival of Rosendale Inc ($66k), Fermata Arts Foundation Inc ($66k) and Hutchinson Theatre Company ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. At year end it held assets of $84k against liabilities of $740, net assets of $84k.