Rites of Spring Music Festival Inc

Analysis

Rites of Spring Music Festival Inc is a registered charity in United States, based in Southold, NY. It received its IRS tax-exemption ruling in October 2018, 8 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, Rites of Spring Music Festival Inc reported income of $103k and spending of $96k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $103k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rites of Spring Music Festival Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Jody Sperling Time Lapse Dance ($103k), The Brecksville Theatre ($103k) and Manchester Choral Society ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.