Summerfest Arts Faire

Analysis

Summerfest Arts Faire is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Summerfest Arts Faire reported income of $138k and spending of $150k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $138k (+12%), an average of +12% a year. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Summerfest Arts Faire 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 45th percentile, and in the 43rd percentile within UT. Charities of a similar size with the same main cause include Women in Charge ($138k), Santas Workshop at the Great Place ($138k) and United Way of Benton County ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $100k against liabilities of $2,600, net assets of $97k.