Neches River Festival Inc

Analysis

Neches River Festival Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in August 1951, 75 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 May 2024, Neches River Festival Inc reported income of $493k and spending of $528k, spending 107% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $304k to $493k (+62%), an average of +10% a year. The sharpest change came in the year to May 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Neches River Festival Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Civil War Trails Inc ($493k), Stevens County Gas and Historical Museum Inc ($493k) and The Citizens Motorcar Company ($493k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $62k. At year end it held assets of $99k against liabilities of $1,562, net assets of $97k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.