Bluegrass Music Society of the Central Coast

Analysis

Bluegrass Music Society of the Central Coast is a registered charity in United States, based in Grover Beach, CA. It received its IRS tax-exemption ruling in March 2007, 19 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, Bluegrass Music Society of the Central Coast reported income of $127k and spending of $108k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $127k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 197095%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluegrass Music Society of the Central Coast sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Springfield Area Arts Council ($127k), Draper Philharmonic and Choral Society ($127k) and Quincy Valley Historical Society & Museum ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.