Greekfest Charity Gala Inc

Analysis

Greekfest Charity Gala Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greekfest Charity Gala Inc reported income of $142k and spending of $139k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $174k to $142k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 3950%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greekfest Charity Gala Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AL. Charities of a similar size with the same main cause include Burlington Rotary Foundation ($142k), Western Athletic Booster Club ($142k) and TR U-W Lawrence Archer Wachs ($141k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5,750 against liabilities of $0, net assets of $5,750.