Augustoberfest Charitable Foundation Inc

Analysis

Augustoberfest Charitable Foundation Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in November 1998, 28 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 September 2024, Augustoberfest Charitable Foundation Inc reported income of $142k and spending of $153k, spending 108% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income fell from $171k to $142k (-17%), an average of -9.0% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Augustoberfest Charitable Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Dayton Playhouse Inc ($142k), Baldwin County Youth Orchestra Inc ($142k) and San Benito Stage Co ($142k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. At year end it held assets of $68k against liabilities of $6,485, net assets of $61k.