Shenandoah Apple Blossom Festival Inc

Analysis

Shenandoah Apple Blossom Festival Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in February 2019, 7 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 August 2023, Shenandoah Apple Blossom Festival Inc reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $200k to $2.3m (+1037%), an average of +125% a year. The sharpest change came in the year to August 2021, when income rose by 454%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shenandoah Apple Blossom Festival Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Marketing & Business Administration Research and Curriculum Center ($2.3m), Howard County Arts Council ($2.3m) and Puerto Rico Centro de Artes Y Tecno Logia Corp ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $83k (4.0% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.2m against liabilities of $358k, net assets of $849k. It reported 6 employees.