Garifuna International Indigenous Film Festival

Analysis

Garifuna International Indigenous Film Festival is a registered charity in United States, based in Topanga, CA. It received its IRS tax-exemption ruling in April 2019, 7 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, Garifuna International Indigenous Film Festival reported income of $67k and spending of $65k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $155k to $67k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garifuna International Indigenous Film Festival sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Mason County Forest Festival Association ($67k), Ukranian National Home Inc of New Jersey ($67k) and South Gwinnett Band Association Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,078 against liabilities of $0, net assets of $2,078.