Reel Stories Teen Filmmaking Inc

Analysis

Reel Stories Teen Filmmaking Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Reel Stories Teen Filmmaking Inc reported income of $4.2m and spending of $4.3m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $4.2m (+153%), an average of +26% a year. The sharpest change came in the year to August 2020, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Reel Stories Teen Filmmaking Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Elkhart County 4-H & Agricultural Exposition Inc ($4.2m), Life Promotions Inc ($4.2m) and Boys and Girls Club of Greater Billerica Inc ($4.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $372k (8.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.8m against liabilities of $866k, net assets of $976k. It reported 214 employees.