Waterford Concert Series

Analysis

Waterford Concert Series is a registered charity in United States, based in Waterford, VA. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Waterford Concert Series reported income of $81k and spending of $73k, spending 91% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $27k to $81k (+197%), an average of +72% a year. The sharpest change came in the year to June 2023, when income rose by 243%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterford Concert Series sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Galaxy Art Group for Children ($81k), Smoky Hill Railway & Historical Society Inc ($81k) and Bangladesh Association of New England ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.