North Fork TV Festival Inc

Analysis

North Fork TV Festival Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 (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, North Fork TV Festival Inc reported income of $98k and spending of $191k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $374k to $98k (-74%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 68%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Fork TV Festival Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include The Lubbock Chorale ($98k), Shrewsbury Street Columbus Day Parade Inc ($98k) and Axiom Quartet Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 29% of the total. Other salaries and wages came to $41k. At year end it held assets of $246k against liabilities of $535k, net assets of -$289k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.