Canonsburg July Fourth Celebration Inc

Analysis

Canonsburg July Fourth Celebration Inc is a registered charity in United States, based in Canonsburg, PA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, Canonsburg July Fourth Celebration Inc reported income of $56k and spending of $69k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $64k to $56k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canonsburg July Fourth Celebration Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($56k), Grasonville Community Center Inc ($56k) and National Ambucs Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.