Sweetwater Music Hall Inc

Analysis

Sweetwater Music Hall Inc is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in April 2021, 5 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, Sweetwater Music Hall Inc reported income of $282k and spending of $521k, spending 185% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $302k to $282k (-6.7%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sweetwater Music Hall Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Great Plains Theatre Inc ($282k), Colorado Springs Fine Arts Center Foundation ($282k) and Pulse Percussion Organization ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $150k (29% of expenses). Other salaries and wages came to $23k. At year end it held assets of $1.1m against liabilities of $269k, net assets of $853k. It reported 4 employees.