Impulse New Music Festival

Analysis

Impulse New Music Festival is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. 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, Impulse New Music Festival reported income of $103k and spending of $116k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $103k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impulse New Music Festival sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Religion and Society Incorporated ($103k), Society of Saint Vincent de Paul in the Archdiocese of Boston ($103k) and National Marine Educators Association ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $22k against liabilities of $3,000, net assets of $19k.