Concerts International Inc

Analysis

Concerts International Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 1968, 58 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 June 2024, Concerts International Inc reported income of $65k and spending of $82k, spending 126% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $82k to $65k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concerts International Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Geex Inc ($65k), Atterbury-Bakalar Air Museum Inc ($65k) and Sheridan County Historical Society Incorporated ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 38% of the total. At year end it held assets of $156k against liabilities of $50k, net assets of $105k.