Quiltfest Inc of Jacksonville Florida

Analysis

Quiltfest Inc of Jacksonville Florida is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2000, 26 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, Quiltfest Inc of Jacksonville Florida reported income of $125k and spending of $123k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $125k (+3.2%), an average of +3.2% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quiltfest Inc of Jacksonville Florida sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Midway Band Backers ($125k), American Karachai-Kavkaz Benevolent Association Inc ($125k) and Connecticut Family Theatre Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.