Red River Revel Arts Festival

Analysis

Red River Revel Arts Festival is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in February 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red River Revel Arts Festival reported income of $1.5m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 697%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red River Revel Arts Festival sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Samoan Club of the Monterey Peninsula LLC ($1.5m), Institute for Afrourbanism ($1.5m) and Congress for the New Urbanism ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Other salaries and wages came to $130k. At year end it held assets of $606k against liabilities of $37k, net assets of $568k. It reported 3 employees.