Washington Island Music Festival Inc

Analysis

Washington Island Music Festival Inc is a registered charity in United States, based in Washington Is, WI. It received its IRS tax-exemption ruling in October 2012, 14 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 October 2023, Washington Island Music Festival Inc reported income of $84k and spending of $77k, spending 92% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $71k to $84k (+19%), an average of +18% a year. The sharpest change came in the year to October 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Island Music Festival Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include Norman Lowell Art Gallery Foundation ($84k), Redlands East Valley High School Wildcat Band Boosters ($84k) and The Nolumbeka Project Inc ($84k).

On its Form 990-EZ for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $19k against liabilities of $1,359, net assets of $17k.