Port Neches Riverfest

Analysis

Port Neches Riverfest is a registered charity in United States, based in Port Neches, TX. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Port Neches Riverfest reported income of $503k and spending of $499k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $503k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 1012%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port Neches Riverfest sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Ashreinu Inc ($503k), Cedar Place Inc ($504k) and Shepherd Higher Education Consortium on Poverty Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.