El Dorado Festivals & Events Inc

Analysis

El Dorado Festivals & Events Inc is a registered charity in United States, based in El Dorado, AR. It received its IRS tax-exemption ruling in November 2011, 15 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 December 2023, El Dorado Festivals & Events Inc reported income of $6.5m and spending of $4.3m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $6.5m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 258%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Dorado Festivals & Events Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Northwest Maritime Center ($6.5m), Dallas County Historical Foundation ($6.5m) and Project Step Inc Symphony Hall ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $208k (4.9% of expenses). Other salaries and wages came to $817k. At year end it held assets of $47.7m against liabilities of $328k, net assets of $47.4m. It reported 71 employees.