Eagans July 4th Funfest Committee

Analysis

Eagans July 4th Funfest Committee is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in December 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eagans July 4th Funfest Committee reported income of $156k and spending of $114k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $156k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eagans July 4th Funfest Committee sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include DC Grays Baseball LLC ($156k), Russvegas Foot Races Foundation ($156k) and Sycamore Sports Boosters ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.