Middleburg Film Festival

Analysis

Middleburg Film Festival is a registered charity in United States, based in Middleburg, VA. It received its IRS tax-exemption ruling in February 2015, 11 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, Middleburg Film Festival reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Middleburg Film Festival sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include KBTC Association ($1.2m), Monterey County Historical Society ($1.2m) and Clark County Historical Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $120k (11% of expenses). At year end it held assets of $276k against liabilities of $8,432, net assets of $268k.