Carmel Bach Festival Foundation Inc

Analysis

Carmel Bach Festival Foundation Inc is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in December 1994, 32 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmel Bach Festival Foundation Inc reported income of $229k and spending of $988k, spending 431% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $229k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmel Bach Festival Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Powerstories Theatre of Tampa Bay Inc ($229k), Theatre Bristol ($229k) and Mint Hill Historical Society ($229k).

At year end it held assets of $6.7m against liabilities of $337k, net assets of $6.3m.