Springtime Tallahassee Festival Inc

Analysis

Springtime Tallahassee Festival Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springtime Tallahassee Festival Inc reported income of $413k and spending of $405k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $413k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springtime Tallahassee Festival Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Rinas Bais Yaakov Inc ($413k), Art House Astoria Conservatory for Music and Art Incorporated ($413k) and William Fremont Harn Gardens ($413k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $62k (15% of expenses). Other salaries and wages came to $5,210. At year end it held assets of $103k against liabilities of $24k, net assets of $80k. It reported 2 employees.