Juneteenth Festival Inc

Analysis

Juneteenth Festival Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1988, 38 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 December 2023, Juneteenth Festival Inc reported income of $462k and spending of $277k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $270k to $462k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Juneteenth Festival Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Frederic Remington Art Museum ($462k), Dinsmore Homestead Foundation Inc ($462k) and The Iris Music Project ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $14k (5.0% of expenses). At year end it held assets of $387k against liabilities of $11k, net assets of $376k. It reported 1 employees.