Finger Lakes Grassroots Festival Organization Inc

Analysis

Finger Lakes Grassroots Festival Organization Inc is a registered charity in United States, based in Trumansburg, NY. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Finger Lakes Grassroots Festival Organization Inc reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 333%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Finger Lakes Grassroots Festival Organization Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Islanders Childrens Foundation ($1.9m), Center for Discovery Magnet Services Corporation ($1.9m) and Cement and Concrete Workers Training and Appreticeship Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $10k (0.5% of expenses). Other salaries and wages came to $260k. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $378k. It reported 9 employees.