Cinestudio Inc

Analysis

Cinestudio Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2023, Cinestudio Inc reported income of $201k and spending of $244k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $263k to $201k (-24%), an average of -8.6% a year. The sharpest change came in the year to June 2022, when income rose by 75%. 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, Cinestudio Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Tallgrass Theatre Company ($201k), Bright Lights Theatre ($201k) and Vivid Stage Inc ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $113k (46% of expenses). Other salaries and wages came to $1,588. It paid $1,275 in professional fundraising fees. At year end it held assets of $645k against liabilities of $4,748, net assets of $641k. It reported 5 employees.