Garden State Film Festival

Analysis

Garden State Film Festival is a registered charity in United States, based in Sea Girt, NJ. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2024, Garden State Film Festival reported income of $260k and spending of $255k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $295k to $260k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. 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, Garden State Film Festival sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Brite Cleveland ($260k), Society for the Scientific Study of Reading ($260k) and J Kruse Education Center Inc ($260k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $30k (12% of expenses). Other salaries and wages came to $58k. At year end it held assets of $48k against liabilities of $73k, net assets of -$25k. It reported 3 employees.