Spokane Lilac Festival Association Inc

Analysis

Spokane Lilac Festival Association Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in November 1963, 63 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 August 2023, Spokane Lilac Festival Association Inc reported income of $465k and spending of $372k, spending 80% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $229k to $465k (+103%), an average of +42% a year. The sharpest change came in the year to August 2023, when income rose by 89%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spokane Lilac Festival Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include United States Hockey Hall of Fame Inc ($465k), Little League Baseball Inc ($465k) and Cowboys Rest Christian Camp & Retreat Center ($465k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $31k. At year end it held assets of $309k against liabilities of $68k, net assets of $242k. It reported 1 employees.