Granite Town Festivities Committee

Analysis

Granite Town Festivities Committee is a registered charity in United States, based in Milford, NH. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Granite Town Festivities Committee reported income of $69k and spending of $63k, spending 91% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $64k to $69k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 3136%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Granite Town Festivities Committee sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within NH. Charities of a similar size with the same main cause include Region 8 Gymnastics Inc ($69k), Seattle Youth Lacrosse Club ($69k) and United States Bowling Congress Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.