Seark Concert Assn

Analysis

Seark Concert Assn is a registered charity in United States, based in Monticello, AR. It received its IRS tax-exemption ruling in June 1977, 49 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 April 2024, Seark Concert Assn reported income of $56k and spending of $66k, spending 119% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income fell from $128k to $56k (-57%), an average of -34% a year. The sharpest change came in the year to April 2024, when income dropped by 64%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seark Concert Assn sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AR. Charities of a similar size with the same main cause include Heritage House Museum of Montgomery County Inc ($56k), Lasalle County Historical Commission ($56k) and Shawnee Summer Theatre of Greene County Inc & School of Theatre ($56k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $70k against liabilities of $290, net assets of $70k.