Fall Festival Inc

Analysis

Fall Festival Inc is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Fall Festival Inc reported income of $55k and spending of $61k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $55k to $55k (-0.9%), an average of -0.9% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fall Festival Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Dudley-Charlton Education Foundation Inc ($55k), Thomas Jefferson Parent Teacher Organization PTO of Morristown ($55k) and Newport High School Grad Night Committee Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.