Indian Film Festival of Los Angeles

Analysis

Indian Film Festival of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2002, 24 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 2023, Indian Film Festival of Los Angeles reported income of $89k and spending of $65k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $150k to $89k (-41%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian Film Festival of Los Angeles sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include South Dakota High School Boys & Girls Basketball Hall of Fame ($89k), Gift of Jazz ($89k) and Artly World ($89k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $37k against liabilities of $220, net assets of $37k.