Mendocino Music Festival

Analysis

Mendocino Music Festival is a registered charity in United States, based in Mendocino, CA. It received its IRS tax-exemption ruling in July 1987, 39 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, Mendocino Music Festival reported income of $720k and spending of $879k, spending 122% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $321k to $720k (+125%), an average of +31% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mendocino Music Festival sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Nuyorican Poets Cafe Inc ($720k), Accion Latina ($720k) and Friends of the Hunley Inc ($720k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $73k (8.3% of expenses). Other salaries and wages came to $430k. At year end it held assets of $369k against liabilities of $7,219, net assets of $362k. It reported 77 employees.