Upstate Films Limited

Analysis

Upstate Films Limited is a registered charity in United States, based in Rhinebeck, NY. It received its IRS tax-exemption ruling in May 1972, 54 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 June 2023, Upstate Films Limited reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $706k to $1.4m (+97%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Upstate Films Limited sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Springfield Symphony Orchestra ($1.4m), Catapult Film Fund ($1.4m) and Oconee Performing Arts Society Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $170k (12% of expenses). Other salaries and wages came to $461k. At year end it held assets of $2.3m against liabilities of $1.3m, net assets of $1.0m. It reported 29 employees.