Oak Harbor Music Festival

Analysis

Oak Harbor Music Festival is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in July 2013, 13 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, Oak Harbor Music Festival reported income of $259k and spending of $257k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $295k to $259k (-12%), an average of -12% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oak Harbor 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 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Relentless Academy ($259k), Springfield Contemporary Theatre Inc ($259k) and Endowment for McWane Science Center ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.