Macon Georgia Cherry Blossom Festival Inc

Analysis

Macon Georgia Cherry Blossom Festival Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Macon Georgia Cherry Blossom Festival Inc reported income of $1.5m and spending of $1.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Macon Georgia Cherry Blossom Festival Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Cycle Effect ($1.5m), West Coast Aquatics ($1.5m) and Lindsay Pettus Greenway Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $179k (11% of expenses). Other salaries and wages came to $264k. At year end it held assets of $1.5m against liabilities of $177k, net assets of $1.3m. It reported 8 employees.