Mimir Chamber Music Festival

Analysis

Mimir Chamber Music Festival is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 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 October 2023, Mimir Chamber Music Festival reported income of $170k and spending of $153k, spending 90% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $93k to $170k (+84%), an average of +84% a year. The sharpest change came in the year to October 2023, when income rose by 84%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mimir Chamber Music Festival sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Globally - Global Entrepreneurship Foundation ($170k), North Fork Breast Health Coalition Inc ($170k) and Santa Maddalena Foundation Inc ($170k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.