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How Much Money Does the Florida Strawberry Festival Make?

Published in Festival Finances 2 mins read

For the fiscal year ending June 2024, the Florida Strawberry Festival Inc. reported a total revenue of $17,105,164. This figure represents the total income generated by the organization during that period.

As a non-profit entity based in Plant City, Florida (zip code 33564-1869), the Florida Strawberry Festival uses its revenue to cover operational costs, invest in future events, and support its mission. The financial health of the festival is crucial for its continued success and its significant contribution to the local community.

Financial Overview

To provide a clearer picture of the festival's financial standing, here are key figures from the fiscal year ending June 2024:

Financial Metric Amount ($)
Total Revenue 17,105,164
Net Assets at End of Fiscal Year 45,810,344

The total revenue reflects the money "made" by the festival through various sources, which typically include ticket sales, vendor fees, sponsorships, and donations. The net assets represent the organization's financial strength and accumulated reserves after liabilities, indicating its long-term stability and capacity to fund its operations and future initiatives.

Understanding Non-Profit Finances

For a non-profit organization like the Florida Strawberry Festival, "making money" is distinct from a for-profit business. Rather than distributing profits to shareholders, any surplus revenue is reinvested back into the organization to:

  • Fund Operations: Cover expenses such as event production, staff salaries, marketing, and facility maintenance.
  • Improve Facilities: Invest in the festival grounds and infrastructure to enhance the visitor experience.
  • Community Programs: Support educational initiatives, local charities, and agricultural development related to the strawberry industry.

These financial resources ensure the festival can continue to host its annual event, which draws thousands of visitors and significantly impacts the local economy and culture of Plant City.

For more detailed financial transparency, information regarding non-profit organizations like the Florida Strawberry Festival Inc. is often publicly accessible through resources like the Nonprofit Explorer database.