Port of Hueneme Banana Festival Inc

Analysis

Port of Hueneme Banana Festival Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Port of Hueneme Banana Festival Inc reported income of $188k and spending of $191k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $122k to $188k (+54%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Port of Hueneme Banana Festival Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Paulding Pregnancy Services Inc ($188k), Life Giving Water International Inc ($188k) and Caring Carroll ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $1,378 against liabilities of $17k, net assets of -$16k.

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.