Coastal Concerts Inc

Analysis

Coastal Concerts Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in September 2004, 22 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 April 2024, Coastal Concerts Inc reported income of $181k and spending of $184k, spending 102% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $129k to $181k (+40%), an average of +40% a year. The sharpest change came in the year to April 2024, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coastal Concerts Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 46th percentile within DE. Charities of a similar size with the same main cause include Delou Africa Inc ($181k), Ancient Burying Ground Association Inc ($181k) and Merrill Arts Center ($180k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 48% and program service revenue 49% of the total. At year end it held assets of $196k against liabilities of $1,466, net assets of $195k.