North Carolina Rice Festival Inc

Analysis

North Carolina Rice Festival Inc is a registered charity in United States, based in Leland, NC. It received its IRS tax-exemption ruling in January 2020, 6 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, North Carolina Rice Festival Inc reported income of $102k and spending of $113k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $102k (+11%), an average of +11% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Rice Festival Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Monkey House Inc ($102k), Historic Fayette Theater ($102k) and Ontonagon Theater of Performing Arts Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $44k against liabilities of $2,500, net assets of $42k.