Cincinnati Musical Festival Assoc

Analysis

Cincinnati Musical Festival Assoc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1947, 79 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cincinnati Musical Festival Assoc reported income of $4.2m and spending of $3.7m, spending 89% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $3.5m to $4.2m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Musical Festival Assoc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Python Software Foundation ($4.2m), Students 2 Science ($4.2m) and Apprise Incorporated ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $367k (9.8% of expenses). Other salaries and wages came to $784k. At year end it held assets of $29.2m against liabilities of $163k, net assets of $29.0m.