Tri-State Music Festival Inc

Analysis

Tri-State Music Festival Inc is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in January 1967, 59 years ago. 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 June 2023, Tri-State Music Festival Inc reported income of $58k and spending of $76k, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $19k to $58k (+201%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 317%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-State Music Festival Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within OK. Charities of a similar size with the same main cause include Country Village Development Inc ($58k), Legatus ($58k) and St Marys School Endowment Fund Inc ($58k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $24k (32% of expenses). At year end it held assets of $124k against liabilities of $2,191, net assets of $122k. It reported 1 employees.