Charlotte Film Society

Analysis

Charlotte Film Society is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2016, 10 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, Charlotte Film Society reported income of $875k and spending of $742k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $435k to $875k (+101%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte Film Society sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Bams Fest Inc ($875k), Pasadena Bioscience Center Inc ($875k) and American Saltwater Guides Association Inc ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $51k (6.8% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $816k. It reported 13 employees.