Newman Fall Festival

Analysis

Newman Fall Festival is a registered charity in United States, based in Newman, CA. It received its IRS tax-exemption ruling in August 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newman Fall Festival reported income of $91k and spending of $68k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $91k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newman Fall Festival sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Suburban East Conference ($91k), San Pedro Athletic Complex ($91k) and Freedom Futbol Club ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.