The New American Cinema Group Inc

Analysis

The New American Cinema Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1994, 32 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, The New American Cinema Group Inc reported income of $212k and spending of $234k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $212k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The New American Cinema Group Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Centennial State Ballet ($212k), California Association of Prof Music Teachers Inc ($212k) and Radio Salvacion ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $61k (26% of expenses). At year end it held assets of $133k against liabilities of $0, net assets of $133k. It reported 5 employees.