Sanibel Music Festival Inc

Analysis

Sanibel Music Festival Inc is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in January 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 September 2024, Sanibel Music Festival Inc reported income of $120k and spending of $134k, spending 111% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income fell from $145k to $120k (-17%), an average of -8.9% a year. The sharpest change came in the year to September 2023, when income rose by 102%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sanibel Music Festival Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Regional Center for the Performing Arts of Luray Inc ($120k), Saugerties Lighthouse Conservancy Inc ($120k) and Park Lane Gallery Inc ($120k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $433k against liabilities of $514, net assets of $432k.