Filmquest International Film & Arts Festival

Analysis

Filmquest International Film & Arts Festival is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in February 2023, 3 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, Filmquest International Film & Arts Festival reported income of $103k and spending of $86k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $103k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filmquest International Film & Arts 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 35th percentile within UT. Charities of a similar size with the same main cause include The Brecksville Theatre ($103k), Akin Hall Association ($103k) and Rites of Spring Music Festival Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.