Augusta Westobou Festival Inc

Analysis

Augusta Westobou Festival Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Augusta Westobou Festival Inc reported income of $305k and spending of $300k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $305k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Augusta Westobou Festival Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Federation of United States Teachers and Adjudicator ($305k), Tune Inc ($305k) and Spain - USA Foundation ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $24k (8.1% of expenses). Other salaries and wages came to $104k. At year end it held assets of $233k against liabilities of $8,112, net assets of $225k. It reported 6 employees.