Edmond Fourth of July Festivals

Analysis

Edmond Fourth of July Festivals is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in July 1992, 34 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, Edmond Fourth of July Festivals reported income of $109k and spending of $86k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $109k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edmond Fourth of July Festivals sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include Bath High School Preservation ($109k), Iranian Cultural Foundation-Houston ($109k) and Franklin Opera House Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $93k against liabilities of -$34, net assets of $93k.