With 1,026 people claiming Finn descent in 2000, Lake Worth Beach has the second largest Finnish diaspora as a percentage of total population in the world. In addition, Lake Worth Beach has a large population of new immigrants from Latin America and the Caribbean. The downtown area has become a dynamic artistic and entertainment center in recent years. Some of South Florida's most attractive architecture can be found in College Park, an affluent neighborhood in the northeast corner of the city. The festival is an annual fundraiser which supports an array of social services for low to moderate income individuals and families.