Highlands Festivals Inc

Analysis

Highlands Festivals Inc is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in March 2019, 7 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, Highlands Festivals Inc reported income of $1.8m and spending of $2.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $1.8m (+189%), an average of +30% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Highlands Festivals Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Milwaukee Public Schools Foundation Incorporated ($1.8m), Mahaska Community Recreation Foundation Inc ($1.8m) and Anthony Community Care Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $151k against liabilities of $83k, net assets of $68k.