Festival of Bands - U S a

Analysis

Festival of Bands - U S a is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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, Festival of Bands - U S a reported income of $94k and spending of $95k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $94k (-3.4%), an average of -3.4% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Festival of Bands - U S a sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within SD. Charities of a similar size with the same main cause include Carlisle Area Religious Council ($94k), Champion Impact Capital ($94k) and Fort Hood Spouses Club ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 75% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.