Cotati Accordion Festival

Analysis

Cotati Accordion Festival is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cotati Accordion Festival reported income of $178k and spending of $164k, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $193k to $178k (-7.6%), an average of -7.6% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cotati Accordion Festival 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 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Princeton Summer Theater Inc ($178k), Octagon Center for the Arts ($178k) and Kfug Community Radio Inc a Non- Profit Public Benefit Corporation ($178k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $10k (6.4% of expenses). At year end it held assets of $33k against liabilities of $0, net assets of $33k.