By Josh Weiss / CNBC
December 23, 2015

Burning Man is just a gathering of hippies when a giant wooden effigy is set ablaze, right? According to a recent report on the annual event in the Nevada desert, that definition would be oversimplifying matters.

The report released Dec. 17 places the nonprofit’s financial information in the public domain for the first time in the form of its IRS 990 Form. Costs of grants, employee salary compensation, travel and equipment rental are all listed as the organization marks transparency as the sign of a “healthy nonprofit.” In 2014, it brought in over $32 million and spent just over $30 million.

Black Rock City LLC began the transition of becoming the nonprofit Burning Man Project in 2011.

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