Gardendale Magnolia Festival Inc

Analysis

Gardendale Magnolia Festival Inc is a registered charity in United States, based in Gardendale, AL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gardendale Magnolia Festival Inc reported income of $87k and spending of $75k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $87k (+1.5%), an average of +1.5% a year. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gardendale Magnolia Festival Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Urban Montessori Institute of Saint Louis ($87k), Nasiha Community Center Inc ($87k) and Placentia Library Friends Foundation ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $49k against liabilities of $647, net assets of $49k.