Cultural Arts Festivals and Events of Erie

Analysis

Cultural Arts Festivals and Events of Erie is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 2004, 22 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 2023, Cultural Arts Festivals and Events of Erie reported income of $647k and spending of $673k, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $391k to $647k (+65%), an average of +13% a year. The sharpest change came in the year to May 2023, when income rose by 459%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Arts Festivals and Events of Erie sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Prismid Inc ($646k), Center for Shared Civilizational Values ($647k) and Josef Gingold Fund for the International Violin Competition O ($646k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $303k against liabilities of $143k, net assets of $160k.