Athfest Incorporated

Analysis

Athfest Incorporated is a registered charity in United States, based in Athens, GA. 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 December 2023, Athfest Incorporated reported income of $641k and spending of $405k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $641k (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Athfest Incorporated sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Jackson Hole Community Radio Incorporated ($641k), Sounds Academy ($641k) and San Jose Museum of Quilts & Textiles ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $61k (15% of expenses). At year end it held assets of $1.0m against liabilities of $4,024, net assets of $999k. It reported 1 employees.