Pocono Mountains Music Festival

Analysis

Pocono Mountains Music Festival is a registered charity in United States, based in Cresco, PA. It received its IRS tax-exemption ruling in August 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 August 2023, Pocono Mountains Music Festival reported income of $247k and spending of $260k, spending 105% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $129k to $247k (+91%), an average of +24% a year. The sharpest change came in the year to August 2021, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pocono Mountains Music Festival sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Festival of the Arts in Grand Rapids ($247k), Dalles Art Association ($247k) and Kern River Valley Art Association ($247k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 88% and program service revenue 13% of the total. At year end it held assets of $106k against liabilities of $10k, net assets of $96k.