Music Showcase Festivals Inc

Analysis

Music Showcase Festivals Inc is a registered charity in United States, based in Birdsboro, PA. It received its IRS tax-exemption ruling in March 2019, 7 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, Music Showcase Festivals Inc reported income of $5.3m and spending of $5.1m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.7m to $5.3m (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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, Music Showcase Festivals Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include The Lynnwood Foundation ($5.3m), Young Peoples Chorus of New York City Inc ($5.3m) and Ghetto Film School Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $376k. At year end it held assets of $107k against liabilities of -$65k, net assets of $172k. It reported 4 employees.