Englewood Beach Waterfest

Analysis

Englewood Beach Waterfest is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2022, Englewood Beach Waterfest reported income of $230k and spending of $349k, spending 152% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $287k to $230k (-20%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 108% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Englewood Beach Waterfest sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Tsalteshi Trail Association Inc ($230k), Wild South ($230k) and Assateague Coastal Trust Inc ($229k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 54% of the total. At year end it held assets of $68k against liabilities of $53k, net assets of $15k.