Greenbelt Labor Day Festival Committe Inc

Analysis

Greenbelt Labor Day Festival Committe Inc is a registered charity in United States, based in Greenbelt, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Greenbelt Labor Day Festival Committe Inc reported income of $120k and spending of $106k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $120k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenbelt Labor Day Festival Committe Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Loco7 Dance Puppet Theatre Company Incorporated ($120k), Shenanigans Comedy Theatre Inc ($120k) and Niosha International Conservatory of Arts ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.