Chamber Music Festival of Saugatuck Inc

Analysis

Chamber Music Festival of Saugatuck Inc is a registered charity in United States, based in Saugatuck, MI. It received its IRS tax-exemption ruling in December 1989, 37 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, Chamber Music Festival of Saugatuck Inc reported income of $86k and spending of $88k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $86k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Festival of Saugatuck Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Collingswood Athletic Hall of Fame ($86k), Country Theatre Workshop ($86k) and Nantucket Arts Council Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.