McDowell Mountain Music Festival Inc

Analysis

McDowell Mountain Music Festival Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2003, 23 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 (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, McDowell Mountain Music Festival Inc reported income of $3.6m and spending of $3.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McDowell Mountain Music Festival Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Contemporary Jewish Museum ($3.6m), Modesto Childrens Museum Inc ($3.6m) and Waioli Corporation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $1.4m against liabilities of $68k, net assets of $1.3m.