Off the Charts Music Festival

Analysis

Off the Charts Music Festival is a registered charity in United States, based in Cavalier, ND. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Off the Charts Music Festival reported income of $131k and spending of $150k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $131k (+12%), an average of +12% 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, Off the Charts Music Festival sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 35th percentile within ND. Charities of a similar size with the same main cause include Virginia Genealogical Society ($131k), Cleveland Chamber Choir ($131k) and Steamboat Dance Theatre ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2,335 against liabilities of $0, net assets of $2,335.