Lake Chelan Bach Fest

Analysis

Lake Chelan Bach Fest is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in July 1992, 34 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 September 2023, Lake Chelan Bach Fest reported income of $93k and spending of $80k, spending 86% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $73k to $93k (+28%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Chelan Bach Fest sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include PTA North Carolina ($93k), Los Angeles Rod and Reel Club Foundation ($93k) and The Educational Foundation of Dexter ($93k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. At year end it held assets of $101k against liabilities of $12k, net assets of $89k.