NC Freedom Fest Inc

Analysis

NC Freedom Fest Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, NC Freedom Fest Inc reported income of $140k and spending of $112k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $140k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, NC Freedom Fest Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Centennial Youth Football Association ($140k), Swansboro Baseball and Softball League ($140k) and KS Classics Softball Club ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.