Red Flannel Festival

Analysis

Red Flannel Festival is a registered charity in United States, based in Cedar Springs, MI. It received its IRS tax-exemption ruling in October 2019, 7 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 (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, Red Flannel Festival reported income of $122k and spending of $118k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $137k to $122k (-11%), an average of -5.5% a year. 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, Red Flannel Festival sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include The Widernet Project ($122k), Israelite Nation History & Culture ($122k) and Kim Eung Hwa & Korean Dance Academy ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 6.8% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.