Siletz Bay Music Festival

Analysis

Siletz Bay Music Festival is a registered charity in United States, based in Lincoln City, OR. It received its IRS tax-exemption ruling in October 2011, 15 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, Siletz Bay Music Festival reported income of $253k and spending of $213k, spending 84% of its income. Across the 4 years on record, from September 2019 to December 2023, income grew from $229k to $253k (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Siletz Bay Music Festival sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Frontiers in Bioscience Inc ($253k), Lobster Theater Project ($253k) and Stay Driven Charitable Foundation Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $70k (33% of expenses). It paid $3,000 in professional fundraising fees. At year end it held assets of $261k against liabilities of $4,696, net assets of $256k. It reported 2 employees.