Celtic Fest Inc

Analysis

Celtic Fest Inc is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 1995, 31 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 December 2023, Celtic Fest Inc reported income of $528k and spending of $725k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $761k to $528k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2021, when income rose by 2235%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celtic Fest Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Gateways Music Festival Inc ($528k), Marigny Opera House Foundation ($528k) and Side Street Studio Arts NFP ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $70k (9.7% of expenses). Other salaries and wages came to $33k. At year end it held assets of $171k against liabilities of $72k, net assets of $99k. It reported 2 employees.