Culpeper Air Fest Foundation

Analysis

Culpeper Air Fest Foundation is a registered charity in United States, based in Brandy Sta, VA. It received its IRS tax-exemption ruling in March 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 March 2023, Culpeper Air Fest Foundation reported income of $172k and spending of $125k, leaving 28% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $149k to $172k (+16%), an average of +16% a year. The sharpest change came in the year to March 2023, when income rose by 16%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culpeper Air Fest Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Conductors Retreat at Medomak ($172k), Carpinteria Valley Historical Society ($172k) and Vienna Philharmonic Society ($172k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $144k against liabilities of $251, net assets of $144k.