Long Beach Unity Festival

Analysis

Long Beach Unity Festival is a registered charity in United States, based in Long Beach Ca, CA. It received its IRS tax-exemption ruling in June 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 June 2022, Long Beach Unity Festival reported income of $98k and spending of $117k, spending 120% of what it took in. Across the 3 years on record, from June 2019 to June 2022, income grew from $83k to $98k (+17%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Beach Unity Festival sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Pembroke Pines Theater of the Performing Arts Inc ($98k), Deke Slayton Memorial Space & Bicycle Museum ($98k) and Polish Center of Discovery and Learning Inc ($98k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,315 against liabilities of $2,315, net assets of $0.