Clear Lake Lunar Rendezvous Festival Inc

Analysis

Clear Lake Lunar Rendezvous Festival Inc is a registered charity in United States, based in Webster, TX. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Clear Lake Lunar Rendezvous Festival Inc reported income of $157k and spending of $92k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $166k to $157k (-5.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clear Lake Lunar Rendezvous Festival Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Nevada Research & Innovation Corporation ($157k), South Central Section Pga Foundation ($157k) and Linn County Library Dist 1 ($157k).

It paid $3,500 in professional fundraising fees. At year end it held assets of $414k against liabilities of $0, net assets of $414k.