Kerrytown Concert House Inc

Analysis

Kerrytown Concert House Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in December 1985, 41 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 May 2024, Kerrytown Concert House Inc reported income of $616k and spending of $536k, spending 87% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $419k to $616k (+47%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kerrytown Concert House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Center of Musical Studies Inc ($616k), Miracle Theatre Group ($616k) and Winkler-Loving County Livestock Association ($616k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 60% and program service revenue 36% of the total. Other salaries and wages came to $166k. At year end it held assets of $279k against liabilities of $2,755, net assets of $277k. It reported 9 employees.