Festival at Sandpoint Inc

Analysis

Festival at Sandpoint Inc is a registered charity in United States, based in Sandpoint, ID. It received its IRS tax-exemption ruling in June 1983, 43 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 September 2023, Festival at Sandpoint Inc reported income of $2.5m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2021, when income rose by 940%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival at Sandpoint Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within ID. Charities of a similar size with the same main cause include Central Coast Performing Arts Center Commission ($2.5m), School for Advanced Research ($2.5m) and Childrens Museum of Sonoma County ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $315k. At year end it held assets of $1.7m against liabilities of $39k, net assets of $1.7m. It reported 28 employees.