Festivals of Meriden Inc

Analysis

Festivals of Meriden Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2023, Festivals of Meriden Inc reported income of $287k and spending of $298k, spending 104% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $259k to $287k (+11%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festivals of Meriden Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Royal Stage Christian Performing Arts ($287k), Maharashtra Mandal-Chicago ($287k) and Arts Empowerment Project Inc ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.