Elkhart Festivals Inc

Analysis

Elkhart Festivals Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Elkhart Festivals Inc reported income of $519k and spending of $444k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $539k to $519k (-3.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 299%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elkhart Festivals Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Portland Ultimate ($519k), United States Court Tennis Preservation Foundation ($519k) and Gymnastics Inc ($519k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 70% of the total. At year end it held assets of $214k against liabilities of $144, net assets of $214k.