Geneva Music Festival Inc

Analysis

Geneva Music Festival Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in December 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 July 2024, Geneva Music Festival Inc reported income of $214k and spending of $184k, spending 86% of its income. Across the 3 years on record, from July 2022 to July 2024, income fell from $264k to $214k (-19%), an average of -9.9% a year. The sharpest change came in the year to July 2023, when income dropped by 22%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geneva Music Festival Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Black Label Movement ($214k), Rec Room Arts ($214k) and Parke Players Inc ($214k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 80% and program service revenue 13% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.