To maintain our status as a 501(c)3 nonprofit, Outfest undergoes regular independent financial audits and files public reports annually with the IRS. Candid is an independent organization assuring non-profit transparency.

Outfest has worked hard to address the financial issues we faced in 2023. Our focus was to create more transparency regarding our financials and to assure that all outstanding financial obligations were met.

Outfest makes use of an outside accountant/book keeper who manages the organizations finances in coordination with the Interim Executive Director in accordance with the board-approved budget. Monthly P&L, AR/AP, PO Logs and accounting by program are reviewed by the organizations Treasurer. The outside accountant files our 990's which are reviewed by and outside Auditor. Past audits and 990 forms are available via this link to Candid. We encourage stakeholders to review these documents for insight into our financial health.

A majority of our funding is non-restricted and is allocated across all of our programs. It comes from memberships, donations, ticket sales, corporate sponsorship, and grants from foundations and city, county, and state government. Restricted gifts and sponsorships underwrite the cost of specific programs and initiatives.

Transparency is a core value at Outfest. More records will be posted as we complete further audits.