Newfilmmakers Los Angeles

Analysis

Newfilmmakers Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 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 December 2023, Newfilmmakers Los Angeles reported income of $1.1m and spending of $744k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $1.1m (+163%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newfilmmakers Los Angeles 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 81st percentile within CA. Charities of a similar size with the same main cause include Fairfield Historical Society ($1.1m), Phoenix Boys Choir Association ($1.1m) and Haight Street Art Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $193k (26% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.9m against liabilities of $438k, net assets of $1.4m. It reported 5 employees.