Midsummers Music Ltd

Analysis

Midsummers Music Ltd is a registered charity in United States, based in Sister Bay, WI. It received its IRS tax-exemption ruling in November 1995, 31 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 December 2023, Midsummers Music Ltd reported income of $615k and spending of $614k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $615k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 33%. 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, Midsummers Music Ltd 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 74th percentile within WI. Charities of a similar size with the same main cause include Design Museum of Chicago ($615k), Art Barn Community Theater Inc ($615k) and Chesterfield Cultural Arts Foundation ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $83k, net assets of $1.1m. It reported 7 employees.