Master Musicians Festival Inc

Analysis

Master Musicians Festival Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in August 1995, 31 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 September 2024, Master Musicians Festival Inc reported income of $323k and spending of $334k, spending 103% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $208k to $323k (+55%), an average of +9.2% a year. The sharpest change came in the year to September 2021, when income rose by 397%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Master Musicians Festival Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include North Shore Childrens Theatre ($323k), Bindlestiff Studio ($323k) and Ralston White Retreat Foundation ($323k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 63% and program service revenue 28% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.