Napa Valley Festival Association

Analysis

Napa Valley Festival Association is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in September 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 September 2023, Napa Valley Festival Association reported income of $9.5m and spending of $7.4m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.6m to $9.5m (+110%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 101%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Napa Valley Festival Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Opera Philadelphia ($9.5m), Society for Laboratory Automation and Screening ($9.6m) and Stepping Stones Museum for Children Inc ($9.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $753k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $17.9m against liabilities of $1.6m, net assets of $16.3m. It reported 23 employees.