Upper Ohio Valley Italian Heritage Festival Inc

Analysis

Upper Ohio Valley Italian Heritage Festival Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in December 1986, 40 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 2023, Upper Ohio Valley Italian Heritage Festival Inc reported income of $62k and spending of $59k, spending 96% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $6,533 to $62k (+848%), an average of +112% a year. The sharpest change came in the year to September 2021, when income rose by 1596%. 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, Upper Ohio Valley Italian Heritage Festival Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within WV. Charities of a similar size with the same main cause include Soil Carbon Coalition ($62k), Opera Carolina Endowment ($62k) and Pulama Na Liko ($62k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $18k. At year end it held assets of $275k against liabilities of $1,265, net assets of $274k. It reported 2 employees.