Summerfest

Analysis

Summerfest is a registered charity in United States, based in Rncho Murieta, CA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Summerfest reported income of $305k and spending of $310k, spending 102% of its income. Across the 3 years on record, from February 2020 to February 2024, income grew from $262k to $305k (+16%), an average of +7.9% a year. The sharpest change came in the year to February 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summerfest sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include North Florida Livestock Show & Sale Inc ($305k), Asi Duluth Inc ($305k) and First Choice Pregnancy Counseling Center ($305k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.