Wichita Festivals Inc

Analysis

Wichita Festivals Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1972, 54 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 2023, Wichita Festivals Inc reported income of $2.2m and spending of $2.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.2m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wichita Festivals Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Blaine Soccer Club ($2.2m), Chicago City Soccer Club ($2.2m) and Southeastern Oklahoma Family Services Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $199k (7.5% of expenses). Other salaries and wages came to $349k. At year end it held assets of $1.2m against liabilities of $250k, net assets of $943k. It reported 11 employees.