Maryfest Inc

Analysis

Maryfest Inc is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in August 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Maryfest Inc reported income of $203k and spending of $200k, spending 99% of its income. Across the 3 years on record, from August 2020 to August 2023, income grew from $75k to $203k (+169%), an average of +64% a year. The sharpest change came in the year to August 2022, when income rose by 164%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryfest Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Critica Inc ($203k), Belmont Trolley Incorporated ($203k) and Michigan Science Teachers Association ($203k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.