50
Friends Of The Festival Inc
Recreation & Sports · Chattanooga, Tennessee
426 Market St, Chattanooga, TN 37402-1203
EIN: 621112739· Founded: Nov 1981· 45 years active· Filing Year: 2023
Annual Revenue
$2.2M
Total Expenses
$3.7M
Total Assets
$1.3M
Program Spending
27%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$100K
2.7% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$177K
Total Payroll
$277K
8% of total expenses
Where the Money Goes
27%
Programs: 27%
Payroll: 8%
Other overhead: 73%
Program Revenue$971K (45%)
Total Expenses$3.7M (100%)
Payroll$277K (8%)
Overhead (non-program)73%
Trust Score Breakdown
Program Spending Ratio
27% of expenses go to programs
Revenue & Stability
$2.2M annual revenue
Executive Compensation
$100K total officer comp (2.7% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$1.3M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.