Kokomo Community Concerts Inc

Analysis

Kokomo Community Concerts Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in June 2001, 25 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 September 2023, Kokomo Community Concerts Inc reported income of $58k and spending of $68k, spending 117% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $33k to $58k (+73%), an average of +73% a year. The sharpest change came in the year to September 2023, when income rose by 73%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kokomo Community Concerts Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Friends of Tmaf ($58k), Friends of the Alexandria Museum of Art ($58k) and Wahi Studio Inc ($58k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.