Savannah Music Festival Inc

Analysis

Savannah Music Festival Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in December 1980, 46 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 2023, Savannah Music Festival Inc reported income of $4.1m and spending of $4.8m, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $4.1m (+63%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 102%. 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, Savannah Music Festival Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include The Arts and Recreation Foundation of Overland Park Inc ($4.1m), Blue Marble Space ($4.1m) and Applied Information Management ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $330k (6.9% of expenses). Other salaries and wages came to $755k. At year end it held assets of $2.7m against liabilities of $139k, net assets of $2.6m. It reported 18 employees.