African Film Festival

Analysis

African Film Festival is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, African Film Festival reported income of $473k and spending of $464k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $473k (+85%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African Film Festival sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Ballet Theatre of Ashburn Inc ($473k), Santa Monica Group Theatre ($473k) and Sound Theatre ($473k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $3,000 (0.6% of expenses). At year end it held assets of $67k against liabilities of $16k, net assets of $51k. It reported 1 employees.