Mount Vernon Music & Arts Festival Inc

Analysis

Mount Vernon Music & Arts Festival Inc is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in June 2014, 12 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, Mount Vernon Music & Arts Festival Inc reported income of $135k and spending of $126k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $157k to $135k (-14%), an average of -14% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Vernon Music & Arts Festival Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Oakbrook Park Chumash Indian Corporation ($135k), Threaded Together ($135k) and American-Russian Aid Association Otrada Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.