Lancaster Festival Inc

Analysis

Lancaster Festival Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in December 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lancaster Festival Inc reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.3m to $1.9m (+47%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 487%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lancaster Festival Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Missouri Sports Hall of Fame ($1.9m), Chicago Childrens Theatre ($1.9m) and Rooftop Films Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $75k (3.9% of expenses). Other salaries and wages came to $222k. At year end it held assets of $1.2m against liabilities of $83k, net assets of $1.2m. It reported 32 employees.