Blissfest Music Organization

Analysis

Blissfest Music Organization is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in April 1993, 33 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, Blissfest Music Organization reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $1.3m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blissfest Music Organization sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Downtown Arts District Inc ($1.3m), St Louis Regional Advanced Manufacturing Innovation Center ($1.3m) and Worldwide Indigenous Science Network ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 82% of the total. Other salaries and wages came to $178k. At year end it held assets of $1.7m against liabilities of $143k, net assets of $1.5m. It reported 5 employees.