Mt Vernon Festivals Inc

Analysis

Mt Vernon Festivals Inc is a registered charity in United States, based in Mount Vernon, IL. It received its IRS tax-exemption ruling in August 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 (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, Mt Vernon Festivals Inc reported income of $106k and spending of $140k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $106k (+15%), an average of +15% a year. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mt Vernon Festivals Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Friends of Concord Point Lighthouse ($106k), Theatre Movement Bazaar Inc ($106k) and Wilton Playshop Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.