International Washboard Festival

Analysis

International Washboard Festival is a registered charity in United States, based in Logan, OH. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 August 2023, International Washboard Festival reported income of $52k and spending of $53k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $42k to $52k (+22%), an average of +22% a year. The sharpest change came in the year to August 2023, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Washboard Festival sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Marion Gerlind ($52k), Georgia Extension 4-H Foundation ($52k) and The Arc of Washington State Trust Fund ($52k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $3,426 against liabilities of $0, net assets of $3,426.