Celebration of a City Inc

Analysis

Celebration of a City Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in October 1984, 42 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, Celebration of a City Inc reported income of $52k and spending of $52k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $52k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Celebration of a City Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Hope Empowerment and Development Zone Incorporated ($52k), Beverly Farms Improvement Society Inc ($52k) and Downtown Waltham Partnership ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.