Independent Film Society of Boston Inc

Analysis

Independent Film Society of Boston Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent Film Society of Boston Inc reported income of $167k and spending of $173k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $260k to $167k (-36%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent Film Society of Boston Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Gujarti Samaj Inc ($167k), Dewitt Band Boosters ($167k) and San Gabriel Valley Chinese Cultural Assoc Inc ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $24k. At year end it held assets of $38k against liabilities of $16k, net assets of $23k. It reported 2 employees.