Ann Arbor Summer Festival Inc

Analysis

Ann Arbor Summer Festival Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1979, 47 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 September 2023, Ann Arbor Summer Festival Inc reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $2.0m (+67%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 74%. 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, Ann Arbor Summer Festival Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include International Valuation Standards Committee ($2.0m), Ukrainian Museum ($2.0m) and Avalon Theatre Project Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $108k (6.7% of expenses). Other salaries and wages came to $333k. At year end it held assets of $852k against liabilities of $25k, net assets of $827k. It reported 116 employees.