National Cherry Blossom Festival Committee Inc

Analysis

National Cherry Blossom Festival Committee Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, National Cherry Blossom Festival Committee Inc reported income of $4.6m and spending of $4.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $4.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2022, when income rose by 58%. 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, National Cherry Blossom Festival Committee 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 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Communities in Schools of Cameron County ($4.6m), Dancers Group ($4.6m) and Princeton Ballet Society ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $306k (7.0% of expenses). Other salaries and wages came to $831k. At year end it held assets of $2.7m against liabilities of $89k, net assets of $2.6m. It reported 17 employees.