Urbanna Oyster Festival Foundation

Analysis

Urbanna Oyster Festival Foundation is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 February 2024, Urbanna Oyster Festival Foundation reported income of $109k and spending of $96k, spending 88% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $108k to $109k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to February 2021, when income rose by 50%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urbanna Oyster Festival Foundation 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 39th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Bexley Music Parents ($109k), Lancaster Medical Heritage Museum ($109k) and St Anthony Hospital Foundation ($109k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $30k. At year end it held assets of $341k against liabilities of $38k, net assets of $303k. It reported 1 employees.