Festivals Fredonia Inc

Analysis

Festivals Fredonia Inc is a registered charity in United States, based in Fredonia, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Festivals Fredonia Inc reported income of $92k and spending of $83k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $92k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Festivals Fredonia 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 34th percentile within NY. Charities of a similar size with the same main cause include Institute for Contemplation and Dialogue ($92k), Hospers Area Development Corporation ($92k) and California Asian Pacific Islander Legislative Caucus ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $9,669 against liabilities of $0, net assets of $9,669.