Castleton Festival

Analysis

Castleton Festival is a registered charity in United States, based in Castleton, VA. 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 2022, Castleton Festival reported income of $179k and spending of $150k, spending 84% of its income. Across the 3 years on record, from December 2018 to December 2022, income grew from $160k to $179k (+12%), an average of +5.7% a year. The sharpest change came in the year to December 2019, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Castleton Festival sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include 5p Society ($179k), Durand Union Station Inc ($179k) and Experience Excellence ($179k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $67k against liabilities of $100, net assets of $67k.