Rocky Mountain Songwriter Festivals Inc

Analysis

Rocky Mountain Songwriter Festivals Inc is a registered charity in United States, based in Red Lodge, MT. It received its IRS tax-exemption ruling in December 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rocky Mountain Songwriter Festivals Inc reported income of $365k and spending of $351k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $365k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rocky Mountain Songwriter Festivals Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MT. Charities of a similar size with the same main cause include Oldham Co Historical Society Inc ($365k), Grace University ($365k) and Journal of Philosophy Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $36k (10% of expenses). At year end it held assets of $96k against liabilities of $38k, net assets of $58k.