AI Transparency Report
The Hamptons International Film Festival Inc. demonstrates generally stable financial health, with revenues consistently covering expenses in most recent years. For instance, in 2023, revenue of $2,137,433 exceeded expenses of $1,962,105, contributing to asset growth. The organization has shown consistent growth in revenue over the past decade, from $1,531,317 in 2014 to over $2.1 million in 2023, indicating a healthy fundraising capacity. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent positive net income in many years suggests efficient management of resources. The organization's liabilities have remained manageable relative to its assets, with a liability-to-asset ratio of approximately 34.5% in 2023 ($252,719 liabilities against $732,361 assets), indicating a sound financial position. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency.