Midsummer Musical Retreat Society

Analysis

Midsummer Musical Retreat Society is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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 October 2023, Midsummer Musical Retreat Society reported income of $298k and spending of $252k, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $282k to $298k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to October 2022, when income rose by 2395%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midsummer Musical Retreat Society sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Aunt Lute Foundation ($298k), Brain Injury Association of Mississippi ($298k) and Central City Affordable Housing ($298k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. At year end it held assets of $138k against liabilities of $1,061, net assets of $137k.