Folsom Concert Association

Analysis

Folsom Concert Association is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Folsom Concert Association reported income of $172k and spending of $145k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $172k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folsom Concert Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Artists Ensemble Theater NFP ($172k), Enter Stage Right Inc ($172k) and Seaoc Foundation ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 75% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.