Southbound Food Festival

Analysis

Southbound Food Festival is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2023, 3 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, Southbound Food Festival reported income of $490k and spending of $481k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $490k (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southbound Food Festival sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Lebanese American Foundation Inc ($490k), American Choral Directors ($490k) and Johnson High School Band Boosters ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.