Cabrillo Festival of Contemporary Music

Analysis

Cabrillo Festival of Contemporary Music is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in July 1965, 61 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 December 2023, Cabrillo Festival of Contemporary Music reported income of $92k and spending of $155k, spending 169% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $954k to $92k (-90%), an average of -37% a year. The sharpest change came in the year to September 2022, when income rose by 215%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cabrillo Festival of Contemporary Music sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($92k), Parent Booster USA Inc ($92k) and Morning Forum of Los Altos ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $91k. At year end it held assets of $2.5m against liabilities of $27k, net assets of $2.4m. It reported 34 employees.