Profitable Burning Man Festival Looks To Invest More In Future Success
SAN FRANCISCO (CBS SF/AP) — The San Francisco-based arts nonprofit that holds the yearly Burning Man counter-cultural festival attended by over 70,000 visitors in Northern Nevada's Black Rock Desert is making more and spending more.
The Reno Gazettte-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% year-over-year gain in revenue and a 19% 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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