Methuen Festival of Trees Inc

Analysis

Methuen Festival of Trees Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in July 2003, 23 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 April 2024, Methuen Festival of Trees Inc reported income of $222k and spending of $187k, spending 84% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $178k to $222k (+24%), an average of +5.6% a year. The sharpest change came in the year to April 2022, when income rose by 834%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Methuen Festival of Trees Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Vineyard Arts Project Limited ($222k), Granbury Square Merchants ($222k) and The Village Repertory Co ($222k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 163% of the total. At year end it held assets of $365k against liabilities of $0, net assets of $365k.