Riversong Music Festival

Analysis

Riversong Music Festival is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in June 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riversong Music Festival reported income of $104k and spending of $105k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $104k (-13%), an average of -13% a year. 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, Riversong Music Festival sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Maquoketa Art Experience Ltd ($104k), Zephyr Education Foundation ($104k) and Builders Association Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $9,436 against liabilities of $0, net assets of $9,436.