Outfest

Analysis

Outfest is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 2022, Outfest reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.9m to $3.9m (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Outfest sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Safe & Just Michigan ($3.9m), Kingman Area Food Bank ($3.9m) and International Association for the Study of Pain ($3.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $174k (4.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $725k against liabilities of $192k, net assets of $533k. It reported 83 employees.