Summerfest Concerts And-Or Recordings Inc

Analysis

Summerfest Concerts And-Or Recordings Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1992, 34 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, Summerfest Concerts And-Or Recordings Inc reported income of $73k and spending of $64k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $73k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summerfest Concerts And-Or Recordings Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MO. Charities of a similar size with the same main cause include Academy of Kuchipudi Dance Inc ($73k), Putnam Childrens Discovery Center Inc ($73k) and Central Louisiana Community Theatre ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.