Hamburg Oktoberfest

Analysis

Hamburg Oktoberfest is a registered charity in United States, based in Hamburg, NY. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hamburg Oktoberfest reported income of $72k and spending of $71k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $72k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hamburg Oktoberfest sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Sociedade Filarmonica Uniao Popular ($72k), Fluid Movement Inc ($72k) and Irvington Historical Society ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.