August Quarterly Festival Committee Inc

Analysis

August Quarterly Festival Committee Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2015, 11 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 2023, August Quarterly Festival Committee Inc reported income of $105k and spending of $80k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $105k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, August Quarterly Festival Committee Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include Girls Rock Chicago ($105k), Grissom Theatre Booster Club ($105k) and Link Observatory and Space Science Center Corporation ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.