Yallfest Charleston

Analysis

Yallfest Charleston is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 2013, 13 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 June 2023, Yallfest Charleston reported income of $190k and spending of $163k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $131k to $190k (+46%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yallfest Charleston sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include National Society of Colonial Dames of America Resident State of Calif ($190k), Sound Studios Olympia ($190k) and Brazilian Voices Inc ($190k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.7% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.