Tucson Festival of Books

Analysis

Tucson Festival of Books is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2008, 18 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, Tucson Festival of Books reported income of $1.0m and spending of $983k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.0m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tucson Festival of Books sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Harrington Opera House Society ($1.0m), Bridgehampton Chamber Music Associates Inc ($1.0m) and Sandusky Artisans Cooperative ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $67k (6.8% of expenses). Other salaries and wages came to $70k. At year end it held assets of $636k against liabilities of $76k, net assets of $560k. It reported 2 employees.