Cactus Pear Music Festival

Analysis

Cactus Pear Music Festival is a registered charity in United States, based in Converse, TX. It received its IRS tax-exemption ruling in November 1996, 30 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 August 2023, Cactus Pear Music Festival reported income of $268k and spending of $250k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $268k to $268k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to August 2020, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cactus Pear Music Festival sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Coro Allegro Inc ($268k), Mill City Farmers Market Charitable Fund ($268k) and Friends of the Penn ($268k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $88k (35% of expenses). At year end it held assets of $238k against liabilities of $109k, net assets of $128k. It reported 1 employees.