Stillwater Music

Analysis

Stillwater Music is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in September 2008, 18 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, Stillwater Music reported income of $789k and spending of $783k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $789k (+14%), an average of +3.3% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stillwater Music sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include National Federation of Community Broadcasters Inc ($789k), Ocean Isle Museum Foundation Inc ($789k) and Indiana Basketball Hall of Fame Foundation Inc ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $81k (10% of expenses). Other salaries and wages came to $237k. At year end it held assets of $417k against liabilities of $53k, net assets of $364k. It reported 10 employees.