Allentown Art Festival Inc

Analysis

Allentown Art Festival Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1969, 57 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, Allentown Art Festival Inc reported income of $154k and spending of $145k, spending 94% of its income. Across the 3 years on record, from August 2022 to December 2023, income fell from $157k to $154k (-2.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 22317%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allentown Art Festival Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Museum of the Arkansas Grand Prairie Inc ($154k), Dance Force Inc ($154k) and Womans Club of Hollywood ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.