Fiesta Events Inc

Analysis

Fiesta Events Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in December 1991, 35 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 March 2023, Fiesta Events Inc reported income of $3.5m and spending of $5.8m, spending 165% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.6m to $3.5m (+35%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 49%. Over the whole period it spent 198% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fiesta Events Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Florida Region of USA Volleyball Inc ($3.5m), Sambica ($3.5m) and San Ramon Soccer Club Inc ($3.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 7.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $95k (1.6% of expenses). Other salaries and wages came to $304k. At year end it held assets of $1.3m against liabilities of $37.4m, net assets of -$36.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.