Bear on the Square Mountain Festival Inc

Analysis

Bear on the Square Mountain Festival Inc is a registered charity in United States, based in Dahlonega, GA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Bear on the Square Mountain Festival Inc reported income of $83k and spending of $71k, spending 86% of its income. Across the 3 years on record, from November 2021 to November 2023, income grew from $48 to $83k (+173060%), an average of +4061% a year. The sharpest change came in the year to November 2022, when income rose by 135110%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bear on the Square Mountain Festival Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within GA. Charities of a similar size with the same main cause include Maui Contractors Womens Auxiliary ($83k), Central New York Chapter NRHS Inc ($83k) and Aurora Symphony Orchestra ($83k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.