Ol Front Porch Music Festival

Analysis

Ol Front Porch Music Festival is a registered charity in United States, based in Oriental, NC. It received its IRS tax-exemption ruling in September 2017, 9 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, Ol Front Porch Music Festival reported income of $54k and spending of $56k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $55k to $54k (-0.7%), an average of -0.7% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ol Front Porch Music Festival sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Festa Italia Foundation ($54k), Honesdale Roots and Rhythm Music and Arts Inc ($54k) and White Wings & Silver Strings ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 60% of the total. At year end it held assets of $30k against liabilities of $2,074, net assets of $28k.