Leesburg Art Festival Inc

Analysis

Leesburg Art Festival Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in February 1996, 30 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 December 2023, Leesburg Art Festival Inc reported income of $160k and spending of $121k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $160k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leesburg Art Festival Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Alpha Omega 1-7 Theatrical Dance ($159k), Iberville Museum Association Inc ($160k) and National Steeplechase Museum Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $14k. At year end it held assets of $63k against liabilities of $4,389, net assets of $58k. It reported 1 employees.