Red Rocks Music Festival

Analysis

Red Rocks Music Festival is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2002, 24 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 September 2023, Red Rocks Music Festival reported income of $197k and spending of $219k, spending 111% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $189k to $197k (+4.0%), an average of +4.0% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Rocks Music Festival sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within AZ. Charities of a similar size with the same main cause include Point Cabrillo Lightkeepers Association ($197k), Sierra Stages ($197k) and Basin Theatre Works ($197k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 20% of the total. At year end it held assets of $165k against liabilities of $56k, net assets of $108k.