Montclair Film Festival Inc

Analysis

Montclair Film Festival Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in October 2010, 16 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 March 2024, Montclair Film Festival Inc reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 6 years on record, from September 2019 to March 2024, income grew from $2.5m to $4.6m (+85%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 217%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montclair Film Festival Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Cheyenne Frontier Days Old West Museum ($4.6m), Big Ears Festival ($4.6m) and The Aldrich Contemporary Art Museum Inc ($4.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $290k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.0m against liabilities of $1.5m, net assets of $3.5m. It reported 69 employees.