El Paso Festivals Inc

Analysis

El Paso Festivals Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, El Paso Festivals Inc reported income of $198k and spending of $204k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $337k to $198k (-41%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, El Paso Festivals Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Newburyport Youth Soccer Assoc Inc ($198k), Maplewood Independant Youth Baseball League Inc ($198k) and San Juan Missions Baseball Club Inc ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $169k against liabilities of $6,045, net assets of $163k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.