Fourth Fest of Greater Racine Inc

Analysis

Fourth Fest of Greater Racine Inc is a registered charity in United States, based in Mt Pleasant, WI. It received its IRS tax-exemption ruling in June 2018, 8 years ago. 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 October 2024, Fourth Fest of Greater Racine Inc reported income of $105k and spending of $74k, leaving 29% of income unspent that year. Across the 3 years on record, from October 2022 to October 2024, income grew from $67k to $105k (+56%), an average of +25% a year. The sharpest change came in the year to October 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fourth Fest of Greater Racine Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within WI. Charities of a similar size with the same main cause include Delanco Library Association ($105k), Black Box Dance Theater ($105k) and Quintessence Choral Artists of the Southwest ($105k).

On its Form 990-EZ for the period ending October 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.