Stowe Basketry Festival Inc

Analysis

Stowe Basketry Festival Inc is a registered charity in United States, based in Pittsford, NY. It received its IRS tax-exemption ruling in February 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 June 2024, Stowe Basketry Festival Inc reported income of $55k and spending of $51k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $54k to $55k (+1.8%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stowe Basketry Festival Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include North Carolina Supreme Court Historical Society ($55k), Veterans Monument Foundation of Whitemarsh ($55k) and South Bay Guitar Society of San Jose ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $12k against liabilities of $2,835, net assets of $9,434.