Riverrun International Film Festival

Analysis

Riverrun International Film Festival is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2003, 23 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 2024, Riverrun International Film Festival reported income of $673k and spending of $815k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $678k to $673k (-0.8%), an average of -0.2% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverrun International Film Festival sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Jack Music Inc ($672k), Heartland Performing Arts ($673k) and Voices in Contemporary Art ($672k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $223k. At year end it held assets of $305k against liabilities of $9,086, net assets of $296k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.