New Haven Festivals Inc

Analysis

New Haven Festivals Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 1997, 29 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 (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, New Haven Festivals Inc reported income of $281k and spending of $405k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $281k (+545%), an average of +59% a year. The sharpest change came in the year to December 2020, when income rose by 475%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Haven Festivals Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Seattle Fastpitch Club ($280k), New Canaan Basketball Association Inc ($281k) and West Coast Soccer Association LLC ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $417k against liabilities of $31k, net assets of $386k. It reported 1 employees.