Waseca Sleigh and Cutter Festival Association Inc

Analysis

Waseca Sleigh and Cutter Festival Association Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in November 2000, 26 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 July 2024, Waseca Sleigh and Cutter Festival Association Inc reported income of $51k and spending of $55k, spending 109% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $26k to $51k (+96%), an average of +18% a year. The sharpest change came in the year to July 2021, when income rose by 299%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waseca Sleigh and Cutter Festival Association Inc 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 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include 4heads Inc ($51k), Minneapolis Musical Theatre Inc Eduacational Non Profit Org ($51k) and North American Victorian Studies Association ($51k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 85% and program service revenue 18% of the total. At year end it held assets of $211k against liabilities of $1,297, net assets of $210k. It reported 2 employees.