Midsummer Arts Faire NFP

Analysis

Midsummer Arts Faire NFP is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in March 2009, 17 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, Midsummer Arts Faire NFP reported income of $59k and spending of $42k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $59k (+9.9%), an average of +9.9% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midsummer Arts Faire NFP sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Arts Unity Movement ($59k), Esan National Congress USA ($59k) and Sudanese Center of North Texas ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.