Killington Music Festival Inc
Killington Music Festival: Strong Program Spending, Declining Assets
EIN: 222536452 · Rutland, VT · NTEE: A68Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $339K |
| Total Expenses | $340K |
| Program Spending | 85% |
| Net Assets | $134K |
| Transparency Score | 75/100 |
Is Killington Music Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Killington Music Festival Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Killington Music Festival Inc
Killington Music Festival Inc (EIN: 222536452) is a nonprofit organization based in Rutland, VT, classified under NTEE code A68Z. The organization reported total revenue of $339K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Killington Music Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Killington Music Festival Inc is a small nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $340K |
| Surplus / Deficit | $-1,342 |
| Total Assets | $135K |
| Total Liabilities | $2K |
| Net Assets | $134K |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2024, Killington Music Festival Inc reported a deficit of $1K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Killington Music Festival Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.9% | +10.1% | -0.9% |
| 2023 | -9.6% | -5.7% | -19.0% |
| 2022 | +41.6% | +112.1% | -7.3% |
| 2021 | +53.1% | -13.1% | +34.3% |
| 2020 | -50.1% | -47.8% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Killington Music Festival Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Killington Music Festival Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Killington Music Festival Inc's IRS 990 filings:
- Total assets have declined from $209,640 in 2018 to $135,469 in 2024, indicating a potential long-term financial contraction.
- Expenses have exceeded revenue in multiple years (e.g., $340,442 expenses vs. $339,100 revenue in 2024), suggesting operational deficits.
Strengths
The following positive indicators were identified for Killington Music Festival Inc:
- Consistently high percentage of spending directed towards programs, indicating a strong commitment to its mission.
- Maintained operations and revenue generation even during the pandemic years (2020-2021).
Frequently Asked Questions about Killington Music Festival Inc
Is Killington Music Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Killington Music Festival Inc (EIN: 222536452) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Killington Music Festival Inc spend its money?
Killington Music Festival Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Killington Music Festival Inc tax-deductible?
Killington Music Festival Inc is registered as a tax-exempt nonprofit (EIN: 222536452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Killington Music Festival Inc's spending goes to programs?
Killington Music Festival Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Killington Music Festival Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Killington Music Festival Inc is above average for NTEE category A68Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Killington Music Festival Inc located?
Killington Music Festival Inc is headquartered in Rutland, Vermont and files with the IRS under EIN 222536452. It is classified under NTEE code A68Z.
How many years of IRS 990 filings does Killington Music Festival Inc have?
Killington Music Festival Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $339K in total revenue.
What does Killington Music Festival Inc do?
Killington Music Festival Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Rutland, Vermont. It is classified under NTEE code A68Z.
How much revenue does Killington Music Festival Inc have?
Killington Music Festival Inc reported total revenue of $339,100. Based on 14 IRS 990 filings on record.
What are Killington Music Festival Inc's total assets?
Killington Music Festival Inc holds total assets of $135,469 as reported in IRS 990 filings.
Where is Killington Music Festival Inc located?
Killington Music Festival Inc is based in Rutland, Vermont.
What is Killington Music Festival Inc's EIN?
Killington Music Festival Inc's Employer Identification Number (EIN) is 222536452. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Killington Music Festival Inc?
Killington Music Festival Inc is classified under NTEE code A68Z (Arts, Culture & Humanities).
Is Killington Music Festival Inc a registered 501(c)(3)?
Yes, Killington Music Festival Inc is recognized as a tax-exempt organization by the IRS. EIN: 222536452.
Does Killington Music Festival Inc file IRS Form 990?
Yes, Killington Music Festival Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202409.
What was Killington Music Festival Inc's revenue in 2024?
In the 202409 filing period, Killington Music Festival Inc reported total revenue of $339,100, total expenses of $340,442, and net assets of $135,469.
Is Killington Music Festival Inc's revenue growing or declining?
Killington Music Festival Inc's revenue is growing. Revenue went from $280,480 (202309) to $339,100 (202409), a +20.9% change. Based on 14 filings on record.
What is Killington Music Festival Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Killington Music Festival Inc covers tax period 202409. It shows revenue of $339,100, expenses of $340,442, total assets of $135,469, and liabilities of $1,758.
How much does Killington Music Festival Inc spend on programs vs administration?
Based on IRS 990 analysis, Killington Music Festival Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Killington Music Festival Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Killington Music Festival Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Killington Music Festival Inc?
The following concerns were identified: Total assets have declined from $209,640 in 2018 to $135,469 in 2024, indicating a potential long-term financial contraction.. Expenses have exceeded revenue in multiple years (e.g., $340,442 expenses vs. $339,100 revenue in 2024), suggesting operational deficits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Killington Music Festival Inc's strengths?
Positive indicators for Killington Music Festival Inc include: Consistently high percentage of spending directed towards programs, indicating a strong commitment to its mission.. Maintained operations and revenue generation even during the pandemic years (2020-2021).. These findings are derived from AI analysis of the organization's financial filings.
How does Killington Music Festival Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets over the past several years, and what strategies are in place to reverse this trend?
The data shows a steady decrease in assets from $209,640 in 2018 to $135,469 in 2024. This trend, coupled with expenses exceeding revenue in several periods, suggests that the organization may be drawing down reserves or experiencing insufficient net income to grow its asset base. Further financial statements would be needed to identify specific causes and planned remedies.
Filing History
IRS 990 filing history for Killington Music Festival Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Killington Music Festival Inc's revenue has declined by 21.1%, moving from $430K to $339K. Total assets decreased by 59.1% over the same period, from $331K to $135K. Total functional expenses fell by 11.2%, from $383K to $340K. In its most recent filing year (2024), Killington Music Festival Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $2K in liabilities against $135K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $134K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $339K | $340K | $135K | $2K | — | View 990 |
| 2023 | $280K | $309K | $137K | $2K | — | View 990 |
| 2022 | $310K | $328K | $169K | $5K | — | View 990 |
| 2021 | $219K | $155K | $182K | $777 | — | View 990 |
| 2020 | $143K | $178K | $136K | $19K | — | View 990 |
| 2019 | $287K | $341K | $153K | $1K | — | View 990 |
| 2018 | $385K | $341K | $210K | $4K | — | View 990 |
| 2017 | $354K | $346K | $163K | $2K | — | View 990 |
| 2016 | $372K | $334K | $155K | $2K | — | View 990 |
| 2015 | $255K | $295K | $117K | $2K | — | View 990 |
| 2014 | $272K | $317K | $160K | $5K | — | View 990 |
| 2013 | $279K | $311K | $201K | $2K | — | View 990 |
| 2012 | $226K | $320K | $234K | $3K | — | View 990 |
| 2011 | $430K | $383K | $331K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $339K, expenses of $340K, and assets of $135K (revenue +20.9% year-over-year).
- 2023: Revenue of $280K, expenses of $309K, and assets of $137K (revenue -9.6% year-over-year).
- 2022: Revenue of $310K, expenses of $328K, and assets of $169K (revenue +41.6% year-over-year).
- 2021: Revenue of $219K, expenses of $155K, and assets of $182K (revenue +53.1% year-over-year).
- 2020: Revenue of $143K, expenses of $178K, and assets of $136K (revenue -50.1% year-over-year).
- 2019: Revenue of $287K, expenses of $341K, and assets of $153K (revenue -25.5% year-over-year).
- 2018: Revenue of $385K, expenses of $341K, and assets of $210K (revenue +8.7% year-over-year).
- 2017: Revenue of $354K, expenses of $346K, and assets of $163K (revenue -4.9% year-over-year).
- 2016: Revenue of $372K, expenses of $334K, and assets of $155K (revenue +46.1% year-over-year).
- 2015: Revenue of $255K, expenses of $295K, and assets of $117K (revenue -6.5% year-over-year).
- 2014: Revenue of $272K, expenses of $317K, and assets of $160K (revenue -2.4% year-over-year).
- 2013: Revenue of $279K, expenses of $311K, and assets of $201K (revenue +23.5% year-over-year).
- 2012: Revenue of $226K, expenses of $320K, and assets of $234K (revenue -47.4% year-over-year).
- 2011: Revenue of $430K, expenses of $383K, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Killington Music Festival Inc:
Data Sources and Methodology
This transparency report for Killington Music Festival Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.