Cinema Tropical Inc

Analysis

Cinema Tropical Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2003, 23 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 2024, Cinema Tropical Inc reported income of $308k and spending of $256k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $185k to $308k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cinema Tropical Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Phoenix Theatre Ensemble Inc ($308k), Girls Choral Academy ($308k) and Musiconnects Inc ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $88k (34% of expenses). Other salaries and wages came to $51k. At year end it held assets of $447k against liabilities of $336k, net assets of $110k. It reported 2 employees.