Mushroom Festival Inc

Analysis

Mushroom Festival Inc is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mushroom Festival Inc reported income of $416k and spending of $353k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $416k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 2837%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mushroom Festival Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Hearthstone-Builder Award Foundation ($416k), Supporters of Civil Society in Russia Inc ($416k) and Robert R Rhodes TR ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $464k against liabilities of $124k, net assets of $340k.