Columbia Festival Inc

Analysis

Columbia Festival Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in December 1988, 38 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 July 2023, Columbia Festival Inc reported income of $464k and spending of $571k, spending 123% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $670k to $464k (-31%), an average of -8.8% a year. The sharpest change came in the year to July 2021, when income rose by 63%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbia Festival Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Henager Family Museum Henagers Memories & Nostalgia ($464k), Alliance Francaise of Miami Metro Inc ($464k) and The Maestro Foundation ($464k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $62k (11% of expenses). Other salaries and wages came to $104k. At year end it held assets of $609k against liabilities of $148k, net assets of $462k. It reported 4 employees.