National Cornbread Festival Inc

Analysis

National Cornbread Festival Inc is a registered charity in United States, based in S Pittsburg, TN. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 January 2024, National Cornbread Festival Inc reported income of $199k and spending of $132k, leaving 34% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $160k to $199k (+24%), an average of +5.6% a year. The sharpest change came in the year to January 2022, when income rose by 1599%. Over the whole period it spent 62% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, National Cornbread Festival Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Vermont Maple Festival Inc ($199k), Belgrade Babe Ruth League ($199k) and Little League Baseball Inc ($199k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $907k against liabilities of $0, net assets of $907k.