Plano International Festival Corporation

Analysis

Plano International Festival Corporation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Plano International Festival Corporation reported income of $124k and spending of $122k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $124k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Plano International Festival Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Floyd Ward Dance Ensembles Inc ($124k), Round Rock Sertoma Girls Softball League Inc ($124k) and Eastside Football Club ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.