Philadelphia Music & Arts Festival LLC
Only null% goes to programs Growing revenue
Philadelphia Music & Arts Festival LLC is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 2017, with $291,948 in FY2024 revenue. CharityIndex grades it B.
1735 Market Street 51st Floor, Philadelphia, PA, 19103 EIN 82-1056712 Since 2017
Revenue (FY2024)
$292K
▼ 11.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$312K
Net assets
$115K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Philadelphia Music & Arts Festival LLC— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Philadelphia Music & Arts Festival LLC: 4 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Philadelphia Music & Arts Festival LLC— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Philadelphia Music & Arts Festival LLC: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1735 Market Street 51st Floor, Philadelphia, PA, 19103
- City
- Philadelphia
- State
- Pennsylvania
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Website
- …
Financial trends
Revenue grew from $180K (FY2021) to $292K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $115K
Operating margin
-7.0%
Spent more than it raised in the latest fiscal year.
Total assets
$115K
Total liabilities
$0
Net assets
$115K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $291,948▼11.7% | $312,442▲12.0% | $114,507▼15.2% | $114,507▼19.4% | 990 |
| 2023 | $330,687▲24.6% | $279,074▲30.7% | $135,001▲61.6% | $142,013▲70.0% | 990 |
| 2022 | $265,454▲47.1% | $213,548▲24.4% | $83,556▲72.1% | $83,556▲72.1% | 990 |
| 2021 | $180,497 | $171,634 | $48,557 | $48,557 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $185K total
12 grants to Philadelphia Music & Arts Festival LLC totaling $185K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Philadelphia Foundation | General operating support | 2024 | $15,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $10,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $25,000 |
| Philadelphia Foundation | Philly music fest 2023 | 2023 | $15,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,500 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $30,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2022 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2021 | $35,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $10,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $10,000 |
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Frequently asked questions
- Is Philadelphia Music & Arts Festival LLC a legitimate nonprofit?
- Yes. Philadelphia Music & Arts Festival LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-1056712, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Philadelphia Music & Arts Festival LLC's EIN?
- Philadelphia Music & Arts Festival LLC's Employer Identification Number (EIN) is 82-1056712.
- How much revenue does Philadelphia Music & Arts Festival LLC report?
- Philadelphia Music & Arts Festival LLC reported $291,948 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Philadelphia Music & Arts Festival LLC have?
- CharityIndex grades Philadelphia Music & Arts Festival LLC B, based on financial health (reserves and operating margin).
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Data for Philadelphia Music & Arts Festival LLC (EIN 82-1056712) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.