Fiesta of Five Flags Foundation Inc

Analysis

Fiesta of Five Flags Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in May 1997, 29 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 July 2023, Fiesta of Five Flags Foundation Inc reported income of $863k and spending of $561k, leaving 35% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $468k to $863k (+85%), an average of +17% a year. The sharpest change came in the year to July 2022, when income rose by 198%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fiesta of Five Flags Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Motor City Theatre Organ Society Inc ($863k), Miguel Contreras Foundation ($864k) and Community Music School ($863k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 31% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.