Society of Motion Picture and Television Engineers Inc

Analysis

Society of Motion Picture and Television Engineers Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in November 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Motion Picture and Television Engineers Inc reported income of $4.3m and spending of $5.8m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $4.3m (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Motion Picture and Television Engineers Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Center for African American Military History Inc ($4.3m), San Diego Volunteer Lawyer Program Inc ($4.3m) and The Katharine Hepburn Cultural Arts Center Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $220k (3.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.6m against liabilities of $1.9m, net assets of $2.7m. It reported 19 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.