48
The New Festival Inc
Arts & Culture · Brooklyn, New York
26 3Rd St Apt 3L, Brooklyn, NY 11231-4835
EIN: 133560387· Founded: May 1991· 35 years active· Filing Year: 2024
Annual Revenue
$1.9M
Total Expenses
$1.7M
Total Assets
$1.3M
Program Spending
25%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$137K
8.1% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$383K
Total Payroll
$520K
31% of total expenses
Where the Money Goes
25%
Programs: 25%
Payroll: 31%
Other overhead: 75%
Program Revenue$420K (22%)
Total Expenses$1.7M (89%)
Payroll$520K (31%)
Overhead (non-program)75%
Trust Score Breakdown
Program Spending Ratio
25% of expenses go to programs
Revenue & Stability
$1.9M annual revenue
Executive Compensation
$137K total officer comp (8.1% of expenses)
Filing Recency
Most recent filing: 2024
Asset Strength
$1.3M in assets
Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.