Somersworth Festival Association

Analysis

Somersworth Festival Association is a registered charity in United States, based in Somersworth, NH. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Somersworth Festival Association reported income of $106k and spending of $81k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $106k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Somersworth Festival Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within NH. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($106k), Oregon Sports Union ($106k) and Blue Jeans Center Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 11% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.