Honesdale Roots and Rhythm Music and Arts Inc

Analysis

Honesdale Roots and Rhythm Music and Arts Inc is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in January 2010, 16 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 September 2023, Honesdale Roots and Rhythm Music and Arts Inc reported income of $54k and spending of $57k, spending 105% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $51k to $54k (+7.4%), an average of +7.4% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honesdale Roots and Rhythm Music and Arts Inc 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 21st percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Ol Front Porch Music Festival ($54k), Zen and Now Clay Studio Cooperative ($54k) and Festa Italia Foundation ($54k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.