Rooftop Films Inc

Analysis

Rooftop Films Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rooftop Films Inc reported income of $1.9m and spending of $2.1m, spending 115% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.7m to $1.9m (+7.2%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 402%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rooftop Films Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include State Street Ballet ($1.9m), Missouri Sports Hall of Fame ($1.9m) and Muncie Civic Theatre Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $105k (4.9% of expenses). Other salaries and wages came to $947k. At year end it held assets of $543k against liabilities of $696k, net assets of -$153k. It reported 132 employees.