Fotofest Inc
EIN: 760105267 · Houston, TX · NTEE: A400
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.7M |
| Net Assets | $1.6M |
Is Fotofest Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fotofest Inc
Fotofest Inc (EIN: 760105267) is a nonprofit organization based in Houston, TX, classified under NTEE code A400. The organization reported total revenue of $2.6M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fotofest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fotofest Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$170K |
| Total Assets | $2.4M |
| Total Liabilities | $771K |
| Net Assets | $1.6M |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 17.1 months |
Financial Health Grade: A
In 2023, Fotofest Inc reported a surplus of $170K with revenue exceeding expenses, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fotofest Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | +78.4% | +21.6% |
| 2022 | +54.2% | +16.0% | +114.3% |
| 2021 | +2.8% | -50.8% | +152.5% |
| 2020 | +33.5% | +99.5% | -21.2% |
| 2019 | -39.3% | -53.1% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fotofest Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fotofest Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $170K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.3%.
Frequently Asked Questions about Fotofest Inc
Is Fotofest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fotofest Inc (EIN: 760105267) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fotofest Inc spend its money?
Detailed spending breakdown data is not yet available for Fotofest Inc. Check back for updated IRS 990 analysis.
Are donations to Fotofest Inc tax-deductible?
Fotofest Inc is registered as a tax-exempt nonprofit (EIN: 760105267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fotofest Inc located?
Fotofest Inc is headquartered in Houston, Texas and files with the IRS under EIN 760105267. It is classified under NTEE code A400.
How many years of IRS 990 filings does Fotofest Inc have?
Fotofest Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Filing History
IRS 990 filing history for Fotofest Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fotofest Inc's revenue has grown by 212%, moving from $591K to $1.8M. Total assets increased by 425.2% over the same period, from $454K to $2.4M. Total functional expenses rose by 103.3%, from $823K to $1.7M. In its most recent filing year (2023), Fotofest Inc reported a surplus of $170K, with revenue exceeding expenses. The organization holds $771K in liabilities against $2.4M in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.7M | $2.4M | $771K | — | View 990 |
| 2022 | $2.2M | $938K | $2.0M | $269K | — | View 990 |
| 2021 | $1.4M | $809K | $915K | $400K | — | — |
| 2020 | $1.4M | $1.6M | $362K | $436K | — | View 990 |
| 2019 | $1.0M | $825K | $460K | $248K | — | View 990 |
| 2018 | $1.7M | $1.8M | $536K | $518K | — | View 990 |
| 2017 | $1.0M | $905K | $471K | $372K | — | View 990 |
| 2016 | $2.0M | $2.2M | $568K | $655K | — | View 990 |
| 2015 | $688K | $1.1M | $388K | $293K | — | View 990 |
| 2014 | $1.8M | $1.9M | $865K | $450K | — | View 990 |
| 2013 | $699K | $858K | $613K | $104K | — | View 990 |
| 2012 | $2.4M | $2.0M | $991K | $323K | — | View 990 |
| 2011 | $591K | $823K | $454K | $126K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $2.4M (revenue -14.4% year-over-year).
- 2022: Revenue of $2.2M, expenses of $938K, and assets of $2.0M (revenue +54.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $809K, and assets of $915K (revenue +2.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $362K (revenue +33.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $825K, and assets of $460K (revenue -39.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $536K (revenue +64.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $905K, and assets of $471K (revenue -48.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.2M, and assets of $568K (revenue +189.4% year-over-year).
- 2015: Revenue of $688K, expenses of $1.1M, and assets of $388K (revenue -62.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $865K (revenue +161.6% year-over-year).
- 2013: Revenue of $699K, expenses of $858K, and assets of $613K (revenue -70.7% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.0M, and assets of $991K (revenue +304.1% year-over-year).
- 2011: Revenue of $591K, expenses of $823K, and assets of $454K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fotofest Inc:
Data Sources and Methodology
This transparency report for Fotofest Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.