Ashland Poage Landing Days Festival Inc

Analysis

Ashland Poage Landing Days Festival Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashland Poage Landing Days Festival Inc reported income of $87k and spending of $89k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $87k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 65265%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashland Poage Landing Days Festival Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include Knoxville Choral Society Inc ($87k), Adirondack Mennonite Heritage Association and Historical Society ($87k) and Belfast Maskers ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.