Gamble Rogers Folk Festival Inc

Analysis

Gamble Rogers Folk Festival Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in June 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 September 2023, Gamble Rogers Folk Festival Inc reported income of $91k and spending of $63k, leaving 31% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $46k to $91k (+97%), an average of +97% a year. The sharpest change came in the year to September 2023, when income rose by 97%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gamble Rogers Folk Festival Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Preserving Historic Properties Inc ($91k), Peru Circus Festival Band Inc ($91k) and Pembroke Music Boosters Inc ($91k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 83% of the total. At year end it held assets of $64k against liabilities of $243, net assets of $64k.