One Reel

Analysis

One Reel is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1975, 51 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 December 2023, One Reel reported income of $156k and spending of $174k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $252k to $156k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, One Reel sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Decatur Youth Symphony Inc ($156k), Pittsburgh School for the Choral Arts ($156k) and Dutch Country Players Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $9,785 (5.6% of expenses). Other salaries and wages came to $13k. At year end it held assets of $7,347 against liabilities of $9,438, net assets of -$2,091. It reported 3 employees.