Festival Of Cheer
EIN: 813492217 · Dewey Beach, DE · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $495K |
| Net Assets | $479K |
Is Festival Of Cheer Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Festival Of Cheer
Festival Of Cheer (EIN: 813492217) is a nonprofit organization based in Dewey Beach, DE, classified under NTEE code N52. The organization reported total revenue of $669K and total assets of $633K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Festival Of Cheer's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Festival Of Cheer is a small nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2016–2019). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $669K |
| Total Expenses | $495K |
| Surplus / Deficit | +$174K |
| Total Assets | $633K |
| Total Liabilities | $154K |
| Net Assets | $479K |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 24.4% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2019, Festival Of Cheer reported a surplus of $174K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 24.4% (moderate leverage).
Financial Trends
Over 4 years of filings (2016–2019), Festival Of Cheer's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -9.6% | +24.7% | +50.1% |
| 2018 | +21.7% | -45.4% | +195.4% |
| 2017 | +21.4% | +90.2% | -27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Festival Of Cheer has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Festival Of Cheer with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.4%.
Frequently Asked Questions about Festival Of Cheer
Is Festival Of Cheer a legitimate charity?
Based on AI analysis of IRS 990 filings, Festival Of Cheer (EIN: 813492217) insufficient data. 0 red flags identified, 0 strengths noted.
How does Festival Of Cheer spend its money?
Detailed spending breakdown data is not yet available for Festival Of Cheer. Check back for updated IRS 990 analysis.
Are donations to Festival Of Cheer tax-deductible?
Festival Of Cheer is registered as a tax-exempt nonprofit (EIN: 813492217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Festival Of Cheer located?
Festival Of Cheer is headquartered in Dewey Beach, Delaware and files with the IRS under EIN 813492217. It is classified under NTEE code N52.
How many years of IRS 990 filings does Festival Of Cheer have?
Festival Of Cheer has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $669K in total revenue.
Filing History
IRS 990 filing history for Festival Of Cheer showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2016–2019), Festival Of Cheer's revenue has grown by 33.6%, moving from $500K to $669K. Total assets increased by 220.6% over the same period, from $198K to $633K. Total functional expenses rose by 29.5%, from $382K to $495K. In its most recent filing year (2019), Festival Of Cheer reported a surplus of $174K, with revenue exceeding expenses. The organization holds $154K in liabilities against $633K in assets (debt-to-asset ratio: 24.4%), resulting in net assets of $479K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $669K | $495K | $633K | $154K | — | View 990 |
| 2018 | $740K | $397K | $422K | $117K | — | — |
| 2017 | $608K | $727K | $143K | $181K | — | View 990 |
| 2016 | $500K | $382K | $198K | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $669K, expenses of $495K, and assets of $633K (revenue -9.6% year-over-year).
- 2018: Revenue of $740K, expenses of $397K, and assets of $422K (revenue +21.7% year-over-year).
- 2017: Revenue of $608K, expenses of $727K, and assets of $143K (revenue +21.4% year-over-year).
- 2016: Revenue of $500K, expenses of $382K, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Festival Of Cheer:
Data Sources and Methodology
This transparency report for Festival Of Cheer is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.