Facets Film Forum

Analysis

Facets Film Forum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Facets Film Forum reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Facets Film Forum sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Indie Memphis ($1.1m), Ballet Sun Valley Inc ($1.1m) and Rockwall Community Playhouse ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $108k (9.3% of expenses). Other salaries and wages came to $353k. At year end it held assets of $614k against liabilities of $576k, net assets of $38k. It reported 23 employees.