California Avocado Festival Inc

Analysis

California Avocado Festival Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 December 2023, California Avocado Festival Inc reported income of $442k and spending of $372k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $442k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 1016%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Avocado Festival Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Oregon & SW Washington Drywall Finishers Jatc Trust ($442k), Salem Green Benevolent Association ($442k) and Friends of Plum Media Inc ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $143k against liabilities of $9,451, net assets of $134k.