Scandinavian Fest Inc

Analysis

Scandinavian Fest Inc is a registered charity in United States, based in Branchville, NJ. It received its IRS tax-exemption ruling in March 1998, 28 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 October 2023, Scandinavian Fest Inc reported income of $55k and spending of $64k, spending 116% of what it took in. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scandinavian Fest Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Brit Landowner ($55k), Black Diamond Historical Society ($55k) and Veterans Monument Foundation of Whitemarsh ($55k).

At year end it held assets of $1,808 against liabilities of $0, net assets of $1,808.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.