Zimfest Association

Analysis

Zimfest Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Zimfest Association reported income of $85k and spending of $96k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $85k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zimfest Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Marching Against the Darkness Inc ($85k), Black Cherry Inc ($85k) and Hawaii Island Portuguese Chamber of Commerce Cultural and Educational ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 91% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.