Fourth of July Town Celebration Committee Inc

Analysis

Fourth of July Town Celebration Committee Inc is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Fourth of July Town Celebration Committee Inc reported income of $220k and spending of $254k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $218k to $220k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to September 2022, when income rose by 817%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fourth of July Town Celebration Committee Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Hoover Athletic Association ($220k), American International Polo Foundation Inc ($220k) and Original Design ($220k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 41% of the total. At year end it held assets of $52k against liabilities of $400, net assets of $51k.