Illumination Festival Inc

Analysis

Illumination Festival Inc is a registered charity in United States, based in Greenville, OH. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Illumination Festival Inc reported income of $93k and spending of $93k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $93k (+4.9%), an average of +4.9% a year. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Illumination Festival Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Insight Collaborative Inc ($93k), Civic Literacy and Service Project ($93k) and American Association of University Women LA Mesa-El Cajon Ca FDN ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $7,992 against liabilities of $13k, net assets of -$5,008.