Edmonds Arts Festival Foundation

Analysis

Edmonds Arts Festival Foundation is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in May 1981, 45 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, Edmonds Arts Festival Foundation reported income of $153k and spending of $99k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $153k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edmonds Arts Festival Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Footlight Club ($153k), Oratorio Society of Queens Inc ($153k) and Johnstown Concert Ballet ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 9.6% of the total. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m.