Carolina Strawberry Festival Inc

Analysis

Carolina Strawberry Festival Inc is a registered charity in United States, based in Wallace, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carolina Strawberry Festival Inc reported income of $67k and spending of $39k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $39k to $67k (+69%), an average of +69% a year. The sharpest change came in the year to June 2024, when income rose by 69%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Strawberry Festival Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Emotions Dance ($67k), Community Arts Foundation ($67k) and New Madrid Museum ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 109% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.