Ragtag Film Society

Analysis

Ragtag Film Society is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in April 2004, 22 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 September 2023, Ragtag Film Society reported income of $2.1m and spending of $2.2m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income fell from $3.0m to $2.1m (-30%), an average of -6.8% a year. The sharpest change came in the year to September 2020, when income rose by 964%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ragtag Film Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Irish Cultural Center Inc ($2.1m), Whitemarsh Community Art Center ($2.1m) and Toldos Yeshurun Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $72k (3.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $928k against liabilities of $501k, net assets of $427k. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.