Kansas City Regional Quilt Festival Inc

Analysis

Kansas City Regional Quilt Festival Inc is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in September 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 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, Kansas City Regional Quilt Festival Inc reported income of $271k and spending of $245k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $292k to $271k (-7.2%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kansas City Regional Quilt Festival Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KS. Charities of a similar size with the same main cause include Upper Valley Rowing Foundation ($271k), Madison Ultimate Frisbee Association ($271k) and Global Sports Federation Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.