Carmel International Arts Festival

Analysis

Carmel International Arts Festival is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in December 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 (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, Carmel International Arts Festival reported income of $162k and spending of $154k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $162k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmel International Arts 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 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Chestnut Fine Arts Center Inc ($162k), Rosenwald Park Campaign ($163k) and Carpe Diem String Quartet ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.