Camera News Inc D B a Third World Newsreel

Analysis

Camera News Inc D B a Third World Newsreel is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1988, 38 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 February 2023, Camera News Inc D B a Third World Newsreel reported income of $1.7m and spending of $1.2m, leaving 31% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $721k to $1.7m (+142%), an average of +25% a year. The sharpest change came in the year to February 2021, when income rose by 81%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Camera News Inc D B a Third World Newsreel sits at the 91st percentile: it is larger than about 90% 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 Fort Wayne Railroad Historical Society Inc ($1.7m), Evanston Art Center and Market ($1.7m) and Livenationorg Foundation ($1.7m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $12k (1.0% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.7m against liabilities of $922k, net assets of $794k. It reported 3 employees.