Coral Gables Cinemateque Inc

Analysis

Coral Gables Cinemateque Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in June 2009, 17 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 September 2023, Coral Gables Cinemateque Inc reported income of $1.4m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $925k to $1.4m (+46%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coral Gables Cinemateque Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include 317 Main St Community Music Center Inc ($1.4m), Iaam Support Organization ($1.4m) and Eastern Woodland Lacrosse ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. Other salaries and wages came to $471k. At year end it held assets of $1.3m against liabilities of $736k, net assets of $609k. It reported 23 employees.