Johnny Carson Comedy Festival Inc

Analysis

Johnny Carson Comedy Festival Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in August 2007, 19 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 (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, Johnny Carson Comedy Festival Inc reported income of $129k and spending of $114k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $150k to $129k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 5491%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Johnny Carson Comedy Festival Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NE. Charities of a similar size with the same main cause include Southside Swimming Tsunami Inc ($129k), New England Collegiate Baseball League Inc ($129k) and Nantucket Student Lacrosse ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.