International Music Camp Inc

Analysis

International Music Camp Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in June 1959, 67 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, International Music Camp Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $946k to $1.3m (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2021, when income rose by 144%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Music Camp Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ND. Charities of a similar size with the same main cause include Artreach ($1.3m), International Society for the Performing Arts Foundation ($1.3m) and Minnetonka Center for the Arts ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.4% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $116k (8.9% of expenses). Other salaries and wages came to $286k. At year end it held assets of $1.1m against liabilities of $41k, net assets of $1.1m. It reported 160 employees.