Clewiston Sugar Festival Inc

Analysis

Clewiston Sugar Festival Inc is a registered charity in United States, based in Clewiston, FL. It received its IRS tax-exemption ruling in September 2018, 8 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 2022, Clewiston Sugar Festival Inc reported income of $98k and spending of $160k, spending 164% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $128k to $98k (-23%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clewiston Sugar Festival Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Racing Thoughts Inc ($98k), Little Lumpys Center for Educational Initatives ($98k) and Farm at Oatland North ($98k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.