North Carolina Apple Festival Inc

Analysis

North Carolina Apple Festival Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in June 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, North Carolina Apple Festival Inc reported income of $210k and spending of $198k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $223k to $210k (-5.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 1201%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Carolina Apple Festival Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Parkway-Rockwood Gateway Swim Club ($210k), Grind Baseball ($210k) and Lakeville South Girls Basketball Association ($210k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 32% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $8,760 (4.4% of expenses). At year end it held assets of $271k against liabilities of $0, net assets of $271k. It reported 1 employees.