Reel East Texas Film Festival

Analysis

Reel East Texas Film Festival is a registered charity in United States, based in Kilgore, TX. It received its IRS tax-exemption ruling in March 2018, 8 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 2023, Reel East Texas Film Festival reported income of $105k and spending of $121k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $105k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reel East Texas Film Festival sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Operation Encore ($104k), Daltai Na Gaeilge Inc ($105k) and Sharing Notes ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $33k against liabilities of $17k, net assets of $16k.