Somerton Tomale Festival Inc

Analysis

Somerton Tomale Festival Inc is a registered charity in United States, based in Somerton, AZ. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Somerton Tomale Festival Inc reported income of $304k and spending of $250k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $304k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 4528%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerton Tomale Festival Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include Association for the Assessment of Learning in Higher Education ($304k), Susan Phillips Day School a California Nonprofit Public Benefi ($304k) and Classical High School Alumni Association Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $82k against liabilities of $3,315, net assets of $79k.