Georgia Mountain Fair Inc

Analysis

Georgia Mountain Fair Inc is a registered charity in United States, based in Hiawassee, GA. It received its IRS tax-exemption ruling in September 1976, 50 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 October 2023, Georgia Mountain Fair Inc reported income of $4.6m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.5m to $4.6m (+197%), an average of +31% a year. The sharpest change came in the year to October 2021, when income rose by 115%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Mountain Fair Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Duluth-Superior Area Educational Television Corporation ($4.6m), Milkweed Editions Inc ($4.6m) and Institute for Marine Mammal Studies Inc ($4.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.5% and program service revenue 92% of the total. Other salaries and wages came to $219k. At year end it held assets of $3.7m against liabilities of $1.9m, net assets of $1.7m. It reported 40 employees.