Florida Surf Film Festival LLC

Analysis

Florida Surf Film Festival LLC is a registered charity in United States, based in New Smyrna Beach, FL. It received its IRS tax-exemption ruling in June 2017, 9 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, Florida Surf Film Festival LLC reported income of $189k and spending of $199k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $189k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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, Florida Surf Film Festival LLC sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Sheffield Chamber Players ($189k), Instituto Mazatlan Bellas Artes de Sacramento ($189k) and National Opera Association Inc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 29% of the total. At year end it held assets of $35k against liabilities of $13k, net assets of $21k.