Grand Illusion Cinema

Analysis

Grand Illusion Cinema is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2004, 22 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 January 2024, Grand Illusion Cinema reported income of $232k and spending of $176k, leaving 24% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income grew from $196k to $232k (+18%), an average of +18% a year. The sharpest change came in the year to January 2024, when income rose by 18%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Illusion Cinema sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Yonkers Arts Inc ($232k), Community School of the Arts ($232k) and Orpheus Male Chorus of Phoenix ($232k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $210k against liabilities of $2,221, net assets of $208k.