Rio Grande Valley Celtic Festival Association

Analysis

Rio Grande Valley Celtic Festival Association is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Rio Grande Valley Celtic Festival Association reported income of $85k and spending of $76k, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $139k to $85k (-39%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Valley Celtic Festival Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within NM. Charities of a similar size with the same main cause include PK Charities Inc ($85k), Wayne County Historical Society of Ohio ($85k) and Tricity Meals on Wheels Inc ($85k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 8.6% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.