Toledo Summer Festival Inc

Analysis

Toledo Summer Festival Inc is a registered charity in United States, based in Toledo, OR. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Toledo Summer Festival Inc reported income of $157k and spending of $86k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $157k (+334%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 385%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toledo Summer Festival Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OR. Charities of a similar size with the same main cause include Roots Family Collaborative ($157k), Cell Dogs Inc ($157k) and Harvest House Transitional Residence Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.