Moisture Festival

Analysis

Moisture Festival is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. 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 June 2024, Moisture Festival reported income of $465k and spending of $524k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $422k to $465k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 132%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moisture Festival sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include New Rockford Area Betterment Corporation ($465k), Farthest North Girl Scout Council ($465k) and Naydenov Gymnastics Boosters Club ($465k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $179k (34% of expenses). Other salaries and wages came to $50k. It paid $227 in professional fundraising fees. At year end it held assets of $156k against liabilities of $757, net assets of $155k. It reported 9 employees.