American Music Festival of Sag Harbor

Analysis

American Music Festival of Sag Harbor is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in December 2023, 3 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, American Music Festival of Sag Harbor reported income of $116k and spending of $127k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $3,428 to $116k (+3276%), an average of +223% a year. The sharpest change came in the year to December 2021, when income rose by 3036%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Music Festival of Sag Harbor sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Earthmoving Legacy Center Inc ($116k), Cape Cod Writers Center Inc ($116k) and Valley Opera and Performing Arts ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 13% of the total. At year end it held assets of $7,853 against liabilities of $14k, net assets of -$5,756.