Edison Festival of Light Inc

Analysis

Edison Festival of Light Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 2023, 3 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 June 2023, Edison Festival of Light Inc reported income of $167k and spending of $180k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $128k to $167k (+30%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 150%. 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, Edison Festival of Light Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Opernfest Prague ($167k), Ingham County Fair Foundation ($167k) and Historic Preservation & Education Fund of Racquet Club of Phila Inc ($167k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $126k against liabilities of $23k, net assets of $102k.