Oakboro 4th of July Celebration Inc

Analysis

Oakboro 4th of July Celebration Inc is a registered charity in United States, based in Oakboro, NC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Oakboro 4th of July Celebration Inc reported income of $66k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $66k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 2125%. Over the whole period it spent 0.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oakboro 4th of July Celebration Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Sounds of Success Music ($66k), Marked As Winners Foundation ($66k) and Women in Fellowship ($66k).

At year end it held assets of $387k against liabilities of $0, net assets of $387k.