Fotofest Inc is a 501(c)(3) organization based in Houston, Texas, registered in 1984, with $1,067,068 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.1M
▼ 52.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$1.2M
Net assets
$1.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Fotofest Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fotofest Inc: 16 mo reserves · -10% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Fotofest Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fotofest Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $1.8M (FY2013) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-9.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$539K
Net assets
$1.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,067,068▼52.2% | $1,170,786▼33.8% | $1,550,971▼0.8% | $2,089,689▼16.2% | 990 |
| 2023 | $2,233,940▲21.2% | $1,768,116▲5.6% | $1,563,699▼3.0% | $2,494,228▲4.6% | 990 |
| 2022 | $1,843,742▼14.4% | $1,674,131▲78.4% | $1,612,622▼4.6% | $2,383,480▲21.6% | 990 |
| 2021 | $2,155,129▲54.2% | $938,158▲16.0% | $1,690,467▲228% | $1,959,929▲114% | 990 |
| 2020 | $1,397,382▲2.8% | $809,060▼50.8% | $515,171▲796% | $914,777▲153% | 990 |
| 2019 | $1,359,836▲33.5% | $1,645,490▲99.5% | -$74,000▼135% | $362,243▼21.2% | 990 |
| 2018 | $1,018,430▼39.3% | $824,656▼53.1% | $211,901▲1058% | $459,812▼14.2% | 990 |
| 2017 | $1,676,877▲64.2% | $1,756,795▲94.0% | $18,297▼81.4% | $535,829▲13.8% | 990 |
| 2016 | $1,021,410▼48.7% | $905,372▼58.3% | $98,215▲213% | $470,688▼17.2% | 990 |
| 2015 | $1,990,546▲189% | $2,171,831▲102% | -$86,810▼192% | $568,204▲46.6% | 990 |
| 2014 | $687,759▼62.4% | $1,072,975▼44.2% | $94,656▼77.2% | $387,543▼55.2% | 990 |
| 2013 | $1,828,300 | $1,922,734 | $414,617 | $864,670 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
17 grants to Fotofest Inc totaling $301K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $17,700 |
| Greater Houston Community Foundation | Arts | 2022 | $111,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $18,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $18,300 |
| Greater Houston Community Foundation | In support of fotofest's 2020 biennial, from melanie and larry margolis | 2020 | $8,000 |
| Greater Houston Community Foundation | This is a 2020 annual contribution. | 2020 | $500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $11,050 |
| Greater Houston Community Foundation | This grant is board dues in support of fotofest. | 2018 | $10,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $53,342 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $10,000 |
| Greater Houston Community Foundation | This grant is in support of fotofest 2014. please acknowledge support as coming from melanie and larry margolis. | 2014 | $4,550 |
| Greater Houston Community Foundation | This grant is for a table at the print auction. the donor advisor will not be attending. | 2014 | $3,000 |
| Greater Houston Community Foundation | This grant is in support of fotofest. please acknowledge support as coming from melanie and larry margolis. | 2014 | $3,000 |
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Data for Fotofest Inc (EIN 76-0105267) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.