Fort Armstrong Folk Festival Inc

Analysis

Fort Armstrong Folk Festival Inc is a registered charity in United States, based in Kittanning, PA. It received its IRS tax-exemption ruling in August 1975, 51 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 April 2024, Fort Armstrong Folk Festival Inc reported income of $90k and spending of $71k, leaving 22% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $51k to $90k (+78%), an average of +78% a year. The sharpest change came in the year to April 2024, when income rose by 78%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Armstrong Folk Festival Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Sandhills Family Heritage Association ($90k), Exploring Joara Foundation Inc ($90k) and Lunart Inc ($90k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $78k against liabilities of $352, net assets of $78k.