Redwood Coast Music Festivals Inc

Analysis

Redwood Coast Music Festivals Inc is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Redwood Coast Music Festivals Inc reported income of $262k and spending of $248k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $262k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 220%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood Coast Music Festivals Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Mason Youth Organization ($262k), Music Guild ($262k) and Honor Flight Southland ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $102k against liabilities of $2,266, net assets of $100k.