Moses Lake Spring Festival

Analysis

Moses Lake Spring Festival is a registered charity in United States, based in Moses Lake, WA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Moses Lake Spring Festival reported income of $304k and spending of $237k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $410k to $304k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Moses Lake Spring Festival sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Babcock Ranch Foundation Inc ($304k), Pennsylvania Community Development and Finance Corporation ($304k) and Building Forence Together CDC ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.