DEMOGRAPHIC
ADDRESS
26 3RD ST APT 3L
11231
COUNTY
kings county, NY
IN CARE OF NAME
DAVID HATKOFF
ORGANIZATIONAL OVERVIEW & RANKINGS
THE NEW FESTIVAL INC is a based in BROOKLYN, NY, focused on Arts, Culture and Humanities causes . Established in May 1991, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,229,611.00, this ranks 193,829 among 2,656,690 nonprofits nationally (Top 8%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 16,996 out of 159,053 organizations in NY (Top 11%).
In kings county, NY, the organization ranks 1,275 out of 18,995 nonprofits by assets (Top 7%), while locally in brooklyn, it stands at 1,272 among 18,866 organizations (Top 7%).
The organization reported annual revenue of $1,540,814.00, ranking 98,865 nationally (Top 4%) and 8,638 in NY (Top 6%).
Within its specific NTEE classification (A99Z - A: Arts, Culture and Humanities), which includes 858 similar organizations, THE NEW FESTIVAL INC ranks 66 in assets (Top 8%) and 23 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a December fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Discussion groups forums panels lectures etc
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
N/A
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
01/2023
ACCOUNTING PERIOD
01
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$1,540,814.00
FORM 990 REVENUE AMOUNT
$1,540,814.00
RULING DATE
05/1991
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,229,611.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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