GND Festivals Inc

Analysis

GND Festivals Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, GND Festivals Inc reported income of $69k and spending of $85k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $289k to $69k (-76%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 306%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, GND Festivals Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Houston North Emmaus Community Inc ($69k), Mature Ministries Inc ($69k) and International New Creation ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 249% of the total. At year end it held assets of $1.2m against liabilities of $881k, net assets of $283k.