Sunfest of Palm Beach County Inc

Analysis

Sunfest of Palm Beach County Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in June 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Sunfest of Palm Beach County Inc reported income of $5.7m and spending of $7.2m, spending 127% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $5.8m to $5.7m (-1.9%), an average of -0.4% a year. The sharpest change came in the year to May 2022, when income rose by 3603%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunfest of Palm Beach County 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 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Humanity First USA ($5.6m), Gloucester Marine Genomics Institute Incorporated ($5.7m) and Arden Theatre Company ($5.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $228k (3.2% of expenses). Other salaries and wages came to $246k. At year end it held assets of $1.3m against liabilities of $467k, net assets of $795k. It reported 9 employees.