500 Festival Foundation

Analysis

500 Festival Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 500 Festival Foundation reported income of $737k and spending of $389k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $737k (+209%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 553%. Over the whole period it spent 41% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 500 Festival Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Lafc Sports Foundation ($737k), Umps Care Charities Inc ($737k) and At Last Inc ($737k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $2.5m against liabilities of $146k, net assets of $2.4m.