Newport Beach Independent International Film Festival

Analysis

Newport Beach Independent International Film Festival is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in May 2002, 24 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, Newport Beach Independent International Film Festival reported income of $1.0m and spending of $1.3m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newport Beach Independent International Film Festival 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Synchronicity Performance Group ($1.0m), Mastermedia International ($1.0m) and Vision Sciences Society Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 31% of the total. Other salaries and wages came to $191k. At year end it held assets of $6,206 against liabilities of $543k, net assets of -$536k. It reported 20 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.