Nederland Heritage Festival Foundation Inc

Analysis

Nederland Heritage Festival Foundation Inc is a registered charity in United States, based in Nederland, TX. It received its IRS tax-exemption ruling in August 1990, 36 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 August 2024, Nederland Heritage Festival Foundation Inc reported income of $424k and spending of $375k, spending 88% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $385k to $424k (+10%), an average of +2.0% a year. The sharpest change came in the year to August 2022, when income rose by 788%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nederland Heritage Festival Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include McHenry County Historical Society ($424k), Ree & Jun Kaneko Foundation ($424k) and Constellation Performing Arts ($424k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 9.5% and program service revenue 88% of the total. Other salaries and wages came to $48k. At year end it held assets of $811k against liabilities of $1,859, net assets of $809k. It reported 1 employees.