Roanoke Festival in the Park Inc

Analysis

Roanoke Festival in the Park Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Roanoke Festival in the Park Inc reported income of $93k and spending of $96k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $93k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roanoke Festival in the Park Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Nashville Historical Foundation ($93k), Pure Creative Arts ($93k) and Hells Half Mile Events ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $2,517 against liabilities of $0, net assets of $2,517.