Glenwood Springs Summer of Music Inc

Analysis

Glenwood Springs Summer of Music Inc is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in September 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, Glenwood Springs Summer of Music Inc reported income of $76k and spending of $58k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $76k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glenwood Springs Summer of Music Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Inone Music Ministries ($76k), Parable Fund ($76k) and Chamber Music Houston Endowment ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $32k against liabilities of $84, net assets of $32k.