KC Fringe Festival Inc

Analysis

KC Fringe Festival Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 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, KC Fringe Festival Inc reported income of $232k and spending of $292k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $263k to $232k (-12%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KC Fringe Festival Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include American Heritage Education Foundation Inc ($232k), Alexander Academy Performing Company ($232k) and Wellspring-Cori Terry and Dancers ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). It paid $10k in professional fundraising fees. At year end it held assets of $71k against liabilities of $8,924, net assets of $62k. It reported 1 employees.