Austin Asian American Film Festival

Analysis

Austin Asian American Film Festival is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2017, 9 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 September 2023, Austin Asian American Film Festival reported income of $141k and spending of $183k, spending 130% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $187k to $141k (-25%), an average of -25% a year. The sharpest change came in the year to September 2023, when income dropped by 25%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Asian American Film Festival sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Cambridge Forum Inc ($141k), Philadelphia Police & Fire Pipes & Drums ($141k) and Pump House Art Gallery ($141k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.