Old Town Music Hall Inc

Analysis

Old Town Music Hall Inc is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in May 2000, 26 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, Old Town Music Hall Inc reported income of $474k and spending of $309k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $256k to $474k (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Town Music Hall Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Laurel Arts ($474k), Railroad Museum of South Florida Incorporated ($474k) and Fire Museum of Maryland Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $16k. At year end it held assets of $451k against liabilities of $1,170, net assets of $449k. It reported 2 employees.