Festival Fairbanks 84

Analysis

Festival Fairbanks 84 is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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, Festival Fairbanks 84 reported income of $252k and spending of $222k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $252k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Festival Fairbanks 84 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 53rd percentile within AK. Charities of a similar size with the same main cause include Texas Water Utilities Association ($252k), PTA California Congress of Parents Teachers & Students Inc ($252k) and New York Planning Federation ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 0.6% of the total. Other salaries and wages came to $38k. At year end it held assets of $78k against liabilities of $23k, net assets of $55k. It reported 9 employees.