Ventura Music Festival Association Inc

Analysis

Ventura Music Festival Association Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ventura Music Festival Association Inc reported income of $854k and spending of $642k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $854k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ventura Music Festival Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Restoration Development Foundation Inc ($853k), Agape Foundation Charitable Trust ($854k) and Gratiot County Community Foundation ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $120k (19% of expenses). Other salaries and wages came to $49k. At year end it held assets of $3.2m against liabilities of $17k, net assets of $3.2m. It reported 4 employees.