Sturgis Falls Celebration Inc

Analysis

Sturgis Falls Celebration Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in July 2014, 12 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 September 2023, Sturgis Falls Celebration Inc reported income of $193k and spending of $205k, spending 106% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $19k to $193k (+942%), an average of +118% a year. The sharpest change came in the year to September 2021, when income rose by 1113%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sturgis Falls Celebration Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Tompkins County Workers Center Inc ($193k), Community Alternatives to Violence Inc ($193k) and The Citizens Association of Palm Beach Inc ($193k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 44% of the total. Other salaries and wages came to $14k. At year end it held assets of $92k against liabilities of $123k, net assets of -$31k. It reported 19 employees.