Winterfest of Pensacola Inc

Analysis

Winterfest of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Winterfest of Pensacola Inc reported income of $904k and spending of $892k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $647k to $904k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Winterfest of Pensacola 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 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Manning Betterment Foundation ($903k), Sierra Curtis Neighborhood Assn ($904k) and Mid Coast Construction Academy TR ($903k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $284k against liabilities of $99k, net assets of $186k.