Compass College of Cinematic Arts

Analysis

Compass College of Cinematic Arts is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Compass College of Cinematic Arts reported income of $1.7m and spending of $2.7m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.7m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compass College of Cinematic Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include New England Center for Circus Artsinc ($1.7m), Echo Ministries Inc ($1.7m) and American Sign Museum ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $191k (7.2% of expenses). Other salaries and wages came to $914k. At year end it held assets of $2.5m against liabilities of $77k, net assets of $2.4m. It reported 37 employees.