Nantucket Film Foundation Incorporation

Analysis

Nantucket Film Foundation Incorporation is a registered charity in United States, based in Delhi, NY. It received its IRS tax-exemption ruling in August 1996, 30 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 August 2023, Nantucket Film Foundation Incorporation reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $926k to $1.6m (+69%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 98%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Film Foundation Incorporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Pony Express Inc - a National Memorial ($1.6m), Milwaukee Youth Arts Center Inc ($1.6m) and Falmouth Community Television Corporation Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $125k (8.0% of expenses). Other salaries and wages came to $408k. At year end it held assets of $415k against liabilities of $237k, net assets of $178k. It reported 56 employees.