RENO (CBS/AP) — The San Francisco-based arts nonprofit that holds the Burning Man countercultural festival attended by thousands in northern Nevada’s Black Rock Desert is making more and spending more.
The Reno Gazette-Journal reports that Burning Man Project’s 2015 tax documents report income of $36.9 million and expenditures of $35.8 million.
According to the Gazette-Journal, those figures represent a 14 percent year-over-year gain in revenue and a 19 percent spending increase.
Burning Man spokeswoman Megan Miller says the organization is making investments in its future to increase its revenue and to extend its reach globally.
Miller says the 2015 spending included about $25 million for the festival and $5 million for administrative services.
Nearly all the revenue was from ticket sales.
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