Arizona Musicfest

Analysis

Arizona Musicfest is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, Arizona Musicfest reported income of $4.4m and spending of $4.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.4m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Musicfest sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include American Dance Festival Inc ($4.4m), Dallas Black Dance Theatre ($4.4m) and Philadelphia Orchestra and Kimmel Center Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $230k (5.7% of expenses). Other salaries and wages came to $512k. At year end it held assets of $6.8m against liabilities of $772k, net assets of $6.0m. It reported 8 employees.