The Festival Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,546 | 26,129 | 417 | 9.5 | — |
| 2012 | 87,997 | 77,688 | 10,309 | 4.8 | — |
| 2013 | 34,428 | 26,859 | 7,569 | 12.3 | 0% |
| 2014 | 75,479 | 37,161 | 38,318 | 21.3 | — |
| 2015 | 66,240 | 67,585 | −1,345 | 11.8 | — |
| 2016 | 2,525,562 | 2,324,243 | 201,319 | 3.1 | 11% |
| 2017 | 2,830,765 | 2,682,542 | 148,223 | 3.2 | 12% |
| 2018 | 3,029,381 | 3,020,085 | 9,296 | 2.9 | 11% |
| 2019 | 4,047,608 | 3,840,702 | 206,906 | 2.9 | 9% |
| 2020 | 357,740 | 858,923 | −501,183 | 6.0 | 40% |
| 2021 | 2,322,216 | 2,092,005 | 230,211 | 4.2 | 17% |
| 2022 | 4,565,069 | 4,338,645 | 226,424 | 2.9 | 10% |
| 2023 | 5,362,646 | 5,338,700 | 23,946 | 2.5 | 11% |
In its most recent public year (2023), this organization brought in $23,946 more than it spent. Its reserves stood at about 2.5 months of spending, down from 9.5 in 2011. Staff pay was 11% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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