Yofi Fest Inc

Analysis

Yofi Fest Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in February 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yofi Fest Inc reported income of $148k and spending of $149k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $148k (-15%), an average of -15% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yofi Fest Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Texas Youth Ballet ($148k), Global Networks Inc ($148k) and Williamson County Symphony Orchestra Society ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $7,595 against liabilities of $0, net assets of $7,595.