Community Concerts of Fayetteville Incorporated

Analysis

Community Concerts of Fayetteville Incorporated is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 May 2024, Community Concerts of Fayetteville Incorporated reported income of $433k and spending of $388k, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $477k to $433k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to May 2022, when income rose by 172%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Concerts of Fayetteville Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Local Government Hispanic Network ($433k), United Way of Seneca County Incorporated ($433k) and Empty Tomb ($433k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $29k. At year end it held assets of $120k against liabilities of $0, net assets of $120k. It reported 2 employees.