Festival of Children Foundation Inc

Analysis

Festival of Children Foundation Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Festival of Children Foundation Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-11%), an average of -2.8% a year. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Festival of Children Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Bags Foundation CT Inc ($1.2m), Lift Up Sarpy County ($1.2m) and Liahona Motu Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $291k (25% of expenses). Other salaries and wages came to $87k. At year end it held assets of $709k against liabilities of $49k, net assets of $660k.