International Ocean Film Festival Inc

Analysis

International Ocean Film Festival Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2005, 21 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 April 2024, International Ocean Film Festival Inc reported income of $314k and spending of $314k, spending 100% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $242k to $314k (+30%), an average of +5.3% a year. The sharpest change came in the year to April 2021, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Ocean Film Festival Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Yellowstone Historic Center Inc ($314k), Meetinghouse Arts ($314k) and Creativity Unlimited Arts Council ($314k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $92k. At year end it held assets of $34k against liabilities of $4,812, net assets of $29k. It reported 2 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.