Festivals For Good Corporation
EIN: 821436095 · New Orleans, LA · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $4.4M |
| Net Assets | $-172,193 |
Is Festivals For Good Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Festivals For Good Corporation
Festivals For Good Corporation (EIN: 821436095) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A20. The organization reported total revenue of $2.0M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Festivals For Good Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Festivals For Good Corporation is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 67.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-190,701 |
| Total Assets | $235K |
| Total Liabilities | $408K |
| Net Assets | $-172,193 |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 173.2% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2022, Festivals For Good Corporation reported a deficit of $191K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 173.2% (high leverage).
Financial Trends
Over 6 years of filings (2017–2022), Festivals For Good Corporation's revenue has grown at a compound annual growth rate (CAGR) of 67.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6721.8% | +21485.0% | +445.8% |
| 2020 | -100.0% | -96.2% | -98.4% |
| 2019 | +18.2% | +19.0% | +172.7% |
| 2018 | +118.2% | +127.5% | +105.4% |
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 Festivals For Good Corporation 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 Festivals For Good Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 173.2%.
Frequently Asked Questions about Festivals For Good Corporation
Is Festivals For Good Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Festivals For Good Corporation (EIN: 821436095) insufficient data. 0 red flags identified, 0 strengths noted.
How does Festivals For Good Corporation spend its money?
Detailed spending breakdown data is not yet available for Festivals For Good Corporation. Check back for updated IRS 990 analysis.
Are donations to Festivals For Good Corporation tax-deductible?
Festivals For Good Corporation is registered as a tax-exempt nonprofit (EIN: 821436095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Festivals For Good Corporation located?
Festivals For Good Corporation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 821436095. It is classified under NTEE code A20.
How many years of IRS 990 filings does Festivals For Good Corporation have?
Festivals For Good Corporation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Filing History
IRS 990 filing history for Festivals For Good Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2022), Festivals For Good Corporation's revenue has grown by 1211.7%, moving from $317K to $4.2M. Total assets increased by 1699.9% over the same period, from $13K to $235K. Total functional expenses rose by 1330.8%, from $304K to $4.4M. In its most recent filing year (2022), Festivals For Good Corporation reported a deficit of $191K, with expenses exceeding revenue. The organization holds $408K in liabilities against $235K in assets (debt-to-asset ratio: 173.2%), resulting in net assets of $-172,193.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.2M | $4.4M | $235K | $408K | — | View 990 |
| 2021 | $61K | $20K | $43K | $25K | — | View 990 |
| 2020 | $0 | $31K | $1K | $25K | — | View 990 |
| 2019 | $818K | $824K | $73K | $66K | — | View 990 |
| 2018 | $692K | $692K | $27K | $14K | — | View 990 |
| 2017 | $317K | $304K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.2M, expenses of $4.4M, and assets of $235K (revenue +6721.8% year-over-year).
- 2021: Revenue of $61K, expenses of $20K, and assets of $43K.
- 2020: Revenue of $0, expenses of $31K, and assets of $1K (revenue -100.0% year-over-year).
- 2019: Revenue of $818K, expenses of $824K, and assets of $73K (revenue +18.2% year-over-year).
- 2018: Revenue of $692K, expenses of $692K, and assets of $27K (revenue +118.2% year-over-year).
- 2017: Revenue of $317K, expenses of $304K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Festivals For Good Corporation:
Data Sources and Methodology
This transparency report for Festivals For Good Corporation 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.