Gig Harbor Film Festival

Analysis

Gig Harbor Film Festival is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in August 2007, 19 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, Gig Harbor Film Festival reported income of $282k and spending of $230k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $282k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 239%. 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, Gig Harbor Film Festival sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Philadelphia Gay Mens Chorus Incorporated ($282k), Ov-10 Bronco Association Inc ($282k) and Colorado Springs Fine Arts Center Foundation ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $76k (33% of expenses). Other salaries and wages came to $35k. At year end it held assets of $131k against liabilities of $0, net assets of $131k. It reported 2 employees.