Beaches Oktoberfest Inc

Analysis

Beaches Oktoberfest Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Beaches Oktoberfest Inc reported income of $463k and spending of $523k, spending 113% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $235k to $463k (+97%), an average of +14% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beaches Oktoberfest Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Revive and Thrive Project ($462k), Joyce Uptown Foodshelf ($463k) and Summit Community Gardens ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.