Pridefest

Analysis

Pridefest is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2015, 11 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, Pridefest reported income of $350k and spending of $359k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $350k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pridefest sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Advantage Academy Inc ($350k), University of Nebraska Lincoln Sport Clubs Council Inc ($350k) and Aberdeen Youth Soccer Association ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $77k. At year end it held assets of -$20k against liabilities of $5,517, net assets of -$26k. It reported 104 employees.