Society for Photographic Education Inc

Analysis

Society for Photographic Education Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1976, 50 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 for Photographic Education Inc reported income of $373k and spending of $376k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $572k to $373k (-35%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 88% 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 for Photographic Education Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Tillamook County Pioneer Museum ($373k), Oklahoma Youth Orchestra Inc ($373k) and West Hawaii Dance Theatre ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $50k. At year end it held assets of $170k against liabilities of $1,355, net assets of $168k. It reported 1 employees.