Frozen River Film Festival

Analysis

Frozen River Film Festival is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in August 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 April 2023, Frozen River Film Festival reported income of $157k and spending of $177k, spending 112% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $136k to $157k (+15%), an average of +4.9% a year. The sharpest change came in the year to April 2022, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frozen River Film Festival sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Ebony Road Players ($157k), Golden Gate Park Band ($157k) and Seasun Theatre Artist Group ($157k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $49k (28% of expenses). Other salaries and wages came to $10k. At year end it held assets of $72k against liabilities of $5,304, net assets of $67k.