Austin Film Festival Inc

Analysis

Austin Film Festival Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1996, 30 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, Austin Film Festival Inc reported income of $2.8m and spending of $3.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Film Festival Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Pangea Foundation ($2.8m), American Federation of Arts Inc ($2.8m) and Shreveport Regional Arts Council ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $130k (4.1% of expenses). Other salaries and wages came to $744k. It paid $15k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $463k, net assets of $1.0m. It reported 33 employees.