Carnation Festival Inc

Analysis

Carnation Festival Inc is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in November 2011, 15 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, Carnation Festival Inc reported income of $130k and spending of $247k, spending 190% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $277k to $130k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 137% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carnation Festival Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Michigan Art Education Association ($130k), Christian Dance Studios Inc ($130k) and Seed Science Foundation ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. At year end it held assets of -$40k against liabilities of $0, net assets of -$40k.