Covington Three Rivers Art Festival

Analysis

Covington Three Rivers Art Festival is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in November 1999, 27 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 2023, Covington Three Rivers Art Festival reported income of $123k and spending of $114k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $123k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Covington Three Rivers Art Festival sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within LA. Charities of a similar size with the same main cause include Chinese Language School of Columbia ($123k), Tibetan Language Institute ($123k) and Moyo-Nguvu Cultural Art Center Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $37k against liabilities of $22k, net assets of $16k.