Nordic Fest Inc

Analysis

Nordic Fest Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nordic Fest Inc reported income of $144k and spending of $110k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $144k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 414%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nordic Fest Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Vieux Carre Commission Foundation ($144k), Doubletake Star Boosters Inc ($144k) and Alliance Catholic Foundation Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.