Festivals of Cedarburg Inc

Analysis

Festivals of Cedarburg Inc is a registered charity in United States, based in Cedarburg, WI. It received its IRS tax-exemption ruling in June 2003, 23 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, Festivals of Cedarburg Inc reported income of $303k and spending of $173k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $303k (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Festivals of Cedarburg Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WI. Charities of a similar size with the same main cause include Flier Football Foundation Inc ($303k), Oklahoma Kids Wrestling Association Inc ($303k) and Columbia Missouri Volleyball ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. Compensation of current officers, directors and key employees was $119k (69% of expenses). At year end it held assets of $235k against liabilities of $2,973, net assets of $232k. It reported 8 employees.