Peninsula Music Festival Inc

Analysis

Peninsula Music Festival Inc is a registered charity in United States, based in Ephraim, WI. It received its IRS tax-exemption ruling in November 1991, 35 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 2022, Peninsula Music Festival Inc reported income of $586k and spending of $815k, spending 139% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $769k to $586k (-24%), an average of -8.7% a year. The sharpest change came in the year to September 2020, when income dropped by 34%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Music Festival Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include El Campanil Theatre Preservation Foundation ($586k), Prana Institute ($586k) and Foothill Creative Arts Group ($585k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $49k. At year end it held assets of $546k against liabilities of $385k, net assets of $161k. It reported 4 employees.