Billerica Holiday Festival Inc

Analysis

Billerica Holiday Festival Inc is a registered charity in United States, based in Billerica, MA. It received its IRS tax-exemption ruling in December 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Billerica Holiday Festival Inc reported income of $70k and spending of $70k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $34k to $70k (+106%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Billerica Holiday Festival Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include The Vinguard ($70k), L C Windmill Inc ($70k) and Billboard Creative ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.