Traverse City Film Festival

Analysis

Traverse City Film Festival is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in February 2006, 20 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 December 2023, Traverse City Film Festival reported income of $654k and spending of $932k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $654k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 71%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Traverse City 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 MI. Charities of a similar size with the same main cause include Millards Crossing Historic Village Inc ($654k), Funding Arts Broward Inc ($654k) and Marine Mammals of Maine ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $273k. At year end it held assets of $2.6m against liabilities of $234k, net assets of $2.4m. It reported 14 employees.