Cottrell Street Music Heritage Festival

Analysis

Cottrell Street Music Heritage Festival is a registered charity in United States, based in West Point, MS. It received its IRS tax-exemption ruling in February 2022, 4 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, Cottrell Street Music Heritage Festival reported income of $94k and spending of $67k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $94k (+43%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cottrell Street Music Heritage Festival sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MS. Charities of a similar size with the same main cause include Empowering Youth Full Circle Inc ($94k), Pacific Italian Alliance ($94k) and Cyrus E Dallin Art Museum Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.