Waverly Oktoberfest

Analysis

Waverly Oktoberfest is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Waverly Oktoberfest reported income of $89k and spending of $92k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $89k (+0.4%), an average of +0.4% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waverly Oktoberfest sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Mallarme Youth Chamber Orchestra ($89k), Marblehead Festival of Arts Inc ($89k) and Render Creative Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.