Gold Rush Days Festival Inc

Analysis

Gold Rush Days Festival Inc is a registered charity in United States, based in Dahlonega, GA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gold Rush Days Festival Inc reported income of $84k and spending of $109k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $394k to $84k (-79%), an average of -79% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gold Rush Days Festival Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include Illinois Community Health Workers Association ($84k), Hub Community Center ($84k) and South Hill Community Development Association Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.