Babes Fest Inc

Analysis

Babes Fest Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Babes Fest Inc reported income of $343k and spending of $350k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $343k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Babes Fest Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Piedmont Craftsmen Inc ($343k), Maryland and Pennsylvania Railroad Preservation Society ($343k) and Zadock Pratt Museum Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $101k. At year end it held assets of $20k against liabilities of $17k, net assets of $2,292. It reported 3 employees.