Port Townsend Film Institute Port Townsend Film Festival

Analysis

Port Townsend Film Institute Port Townsend Film Festival is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in December 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 (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, Port Townsend Film Institute Port Townsend Film Festival reported income of $487k and spending of $581k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $487k (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Townsend Film Institute Port Townsend Film Festival sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Learning First Alliance ($486k), Tian Yue Academy of the Arts ($487k) and Garrett County Arts Council Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $175k. At year end it held assets of $1.1m against liabilities of $1,095, net assets of $1.1m. It reported 5 employees.