City of Fairfax Independence Day Celebration Committee Inc-Aka Idcc

Analysis

City of Fairfax Independence Day Celebration Committee Inc-Aka Idcc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in November 2018, 8 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 August 2024, City of Fairfax Independence Day Celebration Committee Inc-Aka Idcc reported income of $63k and spending of $62k, spending 98% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $13k to $63k (+379%), an average of +119% a year. The sharpest change came in the year to August 2023, when income rose by 364%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City of Fairfax Independence Day Celebration Committee Inc-Aka Idcc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Open Arts Foundation ($63k), Highland Area Arts Council ($63k) and Marcus Hook Plank Log Cabin ($63k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.