Valley Fest Inc

Analysis

Valley Fest Inc is a registered charity in United States, based in Dunlap, TN. It received its IRS tax-exemption ruling in May 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 2023, Valley Fest Inc reported income of $105k and spending of $120k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $483k to $105k (-78%), an average of -78% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Fest Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Professional Theatre and Dance Youth Academy ($105k), Palazzo Strozzi Foundation USA Inc ($105k) and New Jersey Civic Youth Ballet Inc ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.