Fairhope Arts & Crafts Festival Foundation

Analysis

Fairhope Arts & Crafts Festival Foundation is a registered charity in United States, based in Fairhope, AL. It received its IRS tax-exemption ruling in March 2017, 9 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 June 2024, Fairhope Arts & Crafts Festival Foundation reported income of $181k and spending of $127k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $170k to $181k (+6.1%), an average of +6.1% a year. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairhope Arts & Crafts Festival Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include PCS Educational Foundation Inc ($181k), Noohra Foundation ($181k) and Western New York Gas & Steam Engine Association Inc ($181k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.