Farms Prides 4th of July Committee Inc

Analysis

Farms Prides 4th of July Committee Inc is a registered charity in United States, based in Beverly Farms, MA. It received its IRS tax-exemption ruling in September 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Farms Prides 4th of July Committee Inc reported income of $119k and spending of $115k, spending 97% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $107k to $119k (+11%), an average of +11% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Farms Prides 4th of July Committee Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Opera Theater of Connecticut Inc ($119k), American Hungarian Foundation ($119k) and Peak Performance Options ($119k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.