Cleveland International Film Festival Inc

Analysis

Cleveland International Film Festival Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cleveland International Film Festival Inc reported income of $2.4m and spending of $3.1m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.5m to $2.4m (-31%), an average of -8.8% a year. The sharpest change came in the year to September 2020, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland International Film Festival Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Slow Burn Theatre Company Inc ($2.4m), San Antonio Report ($2.4m) and Political Research Associates ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $230k (7.4% of expenses). Other salaries and wages came to $704k. At year end it held assets of $2.2m against liabilities of $378k, net assets of $1.8m. It reported 11 employees.