Bahama Village Music Program Inc

Analysis

Bahama Village Music Program Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in April 2003, 23 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 July 2024, Bahama Village Music Program Inc reported income of $209k and spending of $98k, leaving 53% of income unspent that year. Across the 4 years on record, from July 2021 to July 2024, income grew from $204k to $209k (+2.4%), an average of +0.8% a year. The sharpest change came in the year to July 2024, when income rose by 82%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bahama Village Music Program Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Island Breeze Ministries ($209k), Pacific International Choral Festiv ($209k) and South Dakota Air and Space Foundation Inc ($209k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $69k. At year end it held assets of $226k against liabilities of $17k, net assets of $208k. It reported 20 employees.