New Community Cinema Club Inc

Analysis

New Community Cinema Club Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in October 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Community Cinema Club Inc reported income of $1.7m and spending of $2.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $1.7m (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Community Cinema Club Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Chastain School at St John Inc ($1.7m), Ravalli County Council on Aging ($1.7m) and St Peters Haven Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $119k (5.6% of expenses). Other salaries and wages came to $770k. At year end it held assets of $5.1m against liabilities of $1.5m, net assets of $3.6m.