Back 2 School Festival Inc

Analysis

Back 2 School Festival Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Back 2 School Festival Inc reported income of $132k and spending of $133k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $132k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Back 2 School Festival Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Ottley Music School Inc ($132k), National Transportation Diversity Council ($132k) and Chinese School of San Diego ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.