Spanish River Concerts Inc

Analysis

Spanish River Concerts Inc is a registered charity in United States, based in Westford, MA. It received its IRS tax-exemption ruling in April 2016, 10 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, Spanish River Concerts Inc reported income of $660k and spending of $962k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $660k (-66%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spanish River Concerts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Opera North ($660k), Grace Institute ($660k) and South Georgia Ballet ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $209k (22% of expenses). Other salaries and wages came to $179k. At year end it held assets of $769k against liabilities of $653k, net assets of $116k. It reported 7 employees.