Topanga Banjo Fiddle Contest and Folk Festival Inc

Analysis

Topanga Banjo Fiddle Contest and Folk Festival Inc is a registered charity in United States, based in Tarzana, CA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, Topanga Banjo Fiddle Contest and Folk Festival Inc reported income of $124k and spending of $104k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $124k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Topanga Banjo Fiddle Contest and Folk Festival Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Choral Society of Pensacola ($124k), Opportunities Inc ($124k) and One Mile Leadership Project Inc ($124k).

At year end it held assets of $124k against liabilities of $0, net assets of $124k.