Downtown Springfield Community Cinema Inc

Analysis

Downtown Springfield Community Cinema Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in December 2011, 15 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, Downtown Springfield Community Cinema Inc reported income of $413k and spending of $448k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $413k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Springfield Community Cinema Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include Art House Astoria Conservatory for Music and Art Incorporated ($413k), Chasco Fiesta Inc ($413k) and Springtime Tallahassee Festival Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $118k. At year end it held assets of $394k against liabilities of $87k, net assets of $306k. It reported 19 employees.