Light Industry Cinema Projects Ltd

Analysis

Light Industry Cinema Projects Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 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 July 2023, Light Industry Cinema Projects Ltd reported income of $174k and spending of $270k, spending 155% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income fell from $228k to $174k (-24%), an average of -13% a year. The sharpest change came in the year to July 2023, when income dropped by 23%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Light Industry Cinema Projects Ltd sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Celsius ($174k), Cala Alliance ($174k) and Foundation for Jewish Broadcasting Inc ($174k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $66k (24% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k.