Yarmouth Seaside Festival Inc

Analysis

Yarmouth Seaside Festival Inc is a registered charity in United States, based in S Yarmouth, MA. It received its IRS tax-exemption ruling in October 2015, 11 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 (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, Yarmouth Seaside Festival Inc reported income of $122k and spending of $93k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $122k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yarmouth Seaside Festival Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include African-American Public Radioconsortium ($122k), Seattle Gujarati Cultural Society ($122k) and Historic Vienna Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.