O Positive Festivals Inc

Analysis

O Positive Festivals Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, O Positive Festivals Inc reported income of $1.1m and spending of $635k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, O Positive Festivals Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Dance Works Inc ($1.1m), Repertory Dance Theatre ($1.1m) and Temple Theater Company Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $62k (9.8% of expenses). Other salaries and wages came to $213k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 6 employees.