Five Boroughs Music Festival Inc

Analysis

Five Boroughs Music Festival Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Five Boroughs Music Festival Inc reported income of $102k and spending of $91k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $117k to $102k (-13%), an average of -13% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Five Boroughs Music Festival Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Greater Denver Activities Foundation Inc ($102k), Miracle League of Corpus Christi ($102k) and Tufflove Fitness Inc ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $12k, net assets of $73k.