Mid West Music Festival

Analysis

Mid West Music Festival is a registered charity in United States, based in Winona, MN. 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, Mid West Music Festival reported income of $166k and spending of $250k, spending 151% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $202k to $166k (-18%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. 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, Mid West Music Festival sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Legacy Project ($166k), Elmhurst Children S Theatre Inc ($166k) and Association of Russian Speaking Theatres Corporation ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.