Pine Mountain Music Festival Inc

Analysis

Pine Mountain Music Festival Inc is a registered charity in United States, based in Hancock, MI. It received its IRS tax-exemption ruling in July 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 September 2023, Pine Mountain Music Festival Inc reported income of $81k and spending of $127k, spending 156% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $163k to $81k (-50%), an average of -50% a year. The sharpest change came in the year to September 2023, when income dropped by 50%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pine Mountain Music Festival Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Abilene Preservation League ($81k), The Emmaus Institute Inc ($81k) and Friends of the Garden City Historical Museum ($81k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $61k against liabilities of $2,497, net assets of $58k.