Grand Haven Coast Guard Festival Inc

Analysis

Grand Haven Coast Guard Festival Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in August 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grand Haven Coast Guard Festival Inc reported income of $1.0m and spending of $879k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $1.0m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 1099%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Haven Coast Guard Festival Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Southwest Riverside County Youth Sports Coalition Corp ($1.0m), Rosemount Area Hockey Association ($1.0m) and Racing Surfaces Testing Laboratory ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $73k (8.3% of expenses). Other salaries and wages came to $199k. At year end it held assets of $1.1m against liabilities of $21k, net assets of $1.1m. It reported 12 employees.