Cedar Lake Summerfest Committee Inc

Analysis

Cedar Lake Summerfest Committee Inc is a registered charity in United States, based in Cedar Lake, IN. It received its IRS tax-exemption ruling in May 2003, 23 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, Cedar Lake Summerfest Committee Inc reported income of $81k and spending of $114k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $81k (-17%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedar Lake Summerfest Committee Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Kaleidoscope School of Fine Art ($81k), Choicirciati Cultural Center Inc ($81k) and Gateway Gun Club Youth Shooters ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.