Belmont School & Community Fair

Analysis

Belmont School & Community Fair is a registered charity in United States, based in Belmont, WI. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Belmont School & Community Fair reported income of $56k and spending of $31k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $56k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belmont School & Community Fair sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include Share Life ($56k), Cornerstone Collaborative Florida Inc ($56k) and National Association of Black Journalists - Los Angeles ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 18% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.