Borderlight Festival

Analysis

Borderlight Festival is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2016, 10 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, Borderlight Festival reported income of $468k and spending of $435k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $204k to $468k (+129%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Borderlight Festival sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Dallas Express Media ($468k), Chicago a Cappella ($468k) and Westfield Band Boosters Association Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $146k against liabilities of $6,149, net assets of $140k. It reported 3 employees.