Halcyon Music Festival Inc

Analysis

Halcyon Music Festival Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 2014, 12 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, Halcyon Music Festival Inc reported income of $121k and spending of $117k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $121k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Halcyon Music Festival Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Sunset Community Theatre Inc ($121k), Diamondhead School of Fine Arts ($121k) and Northshore Concert Band ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.