Independence Day Celebration Inc

Analysis

Independence Day Celebration Inc is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Independence Day Celebration Inc reported income of $326k and spending of $301k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $317k to $326k (+2.8%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independence Day Celebration Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Maryland Media Inc ($326k), Focus on the Masters ($326k) and Sports Administration Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.