Music City Bowl Inc

Analysis

Music City Bowl Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2023, Music City Bowl Inc reported income of $8.5m and spending of $9.8m, spending 115% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $9.9m to $8.5m (-14%), an average of -3.7% a year. The sharpest change came in the year to March 2022, when income rose by 11383%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Music City Bowl Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Rose Fitzgerald Kennedy Greenway Conservancy Inc ($8.4m), Springfield Jewish Community Center Inc ($8.5m) and Santa Clara County Fair Grounds Management Corporation Inc ($8.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $435k (4.4% of expenses). Other salaries and wages came to $239k. At year end it held assets of $8.9m against liabilities of $5.7m, net assets of $3.2m.