Irondale Productions Inc

Analysis

Irondale Productions Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1983, 43 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, Irondale Productions Inc reported income of $947k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $960k to $947k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irondale Productions Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Forests Forever Inc ($947k), Terra Nova Counseling ($947k) and Harlem Center for Education Inc ($947k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $156k (13% of expenses). Other salaries and wages came to $246k. At year end it held assets of $1.7m against liabilities of $741k, net assets of $952k. It reported 15 employees.