Sawdust Festival Corporation

Analysis

Sawdust Festival Corporation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in March 1985, 41 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sawdust Festival Corporation reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 701%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sawdust Festival Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Southern Smoke Foundation ($2.5m), Lahc Leaders Advancing and Helping Communities ($2.5m) and Sun Valley Performing Arts Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 69% of the total. Other salaries and wages came to $926k. At year end it held assets of $4.5m against liabilities of $244k, net assets of $4.3m. It reported 150 employees.