Patriotic Festival II Inc

Analysis

Patriotic Festival II Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Patriotic Festival II Inc reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.7m to $2.1m (-24%), an average of -6.5% a year. The sharpest change came in the year to September 2022, when income rose by 1762%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patriotic Festival II Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Needlink Nashville ($2.1m), Womens Rights Information Center ($2.1m) and Build Commonwealth Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $658k against liabilities of $27k, net assets of $631k.