Friends of the Festival Inc.

Mission

TO DEVELOP, PRODUCE, AND MANAGE COMMUNITY EVENTS IN THE TENNESSEE VALLEY

CHATTANOOGA TN | EIN: 62-1112739

501(c)(3) organization

TO DEVELOP, PRODUCE, AND MANAGE COMMUNITY EVENTS IN THE TENNESSEE VALLEY

CHATTANOOGA TN | EIN: 62-1112739

501(c)(3) organization

Program Expense Ratio:78.65% of total expenses

SCORE100%

Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit.

ExpensesFY2022

ExpensesFY2023

ExpensesFY2024

Source: Public data from IRS Form 990

Liabilities to Assets Ratio:10.14% of total assets

SCORE100%

Evaluation area metrics
Score	Metric
100%	Program Expense Ratio:78.65% of total expenses Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit. ExpensesFY2022 Administrative: 17.4% Fundraising: 0.0% Program: 82.6% ExpensesFY2023 Administrative: 13.1% Fundraising: 3.6% Program: 83.2% ExpensesFY2024 Administrative: 46.2% Fundraising: 12.0% Program: 41.8% Administrative Fundraising Program Source: Public data from IRS Form 990
100%	Liabilities to Assets Ratio:10.14% of total assets