Bourbon on the Banks Inc Festival

Analysis

Bourbon on the Banks Inc Festival is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in June 2020, 6 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, Bourbon on the Banks Inc Festival reported income of $236k and spending of $194k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $236k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bourbon on the Banks Inc Festival sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Somi Vip Inc ($236k), Rouse High School Football Booster Club ($237k) and Cedar Ridge Preschool Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.