Denton Festival Foundation Inc

Analysis

Denton Festival Foundation Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in January 1995, 31 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 2022, Denton Festival Foundation Inc reported income of $51k and spending of $160k, spending 314% of what it took in. Across the 3 years on record, from June 2020 to December 2022, income fell from $240k to $51k (-79%), an average of -54% a year. The sharpest change came in the year to December 2022, when income rose by 935%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denton Festival Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Interact Theatre Company ($51k), Portland Open Studios ($51k) and Core Sound Decoy Carvers Guild ($51k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 475% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $69k (43% of expenses). At year end it held assets of $111k against liabilities of $149k, net assets of -$38k.