Iowa Rabbit Festival Inc

Analysis

Iowa Rabbit Festival Inc is a registered charity in United States, based in Iowa, LA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Iowa Rabbit Festival Inc reported income of $87k and spending of $75k, spending 86% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $32k to $87k (+170%), an average of +170% a year. The sharpest change came in the year to April 2024, when income rose by 170%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iowa Rabbit Festival Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within LA. Charities of a similar size with the same main cause include Arts Resource Foundation ($87k), Gervonni Cares Inc ($87k) and Mitchell County Memorial Foundation Inc ($87k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.