Carmel Porchfest

Analysis

Carmel Porchfest is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2019, 7 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 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, Carmel Porchfest reported income of $123k and spending of $129k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $123k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmel Porchfest sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Kit Carson House Inc ($123k), Fred J Johnston Preservation TR ($123k) and Gujarati Cultural Association ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.