Filmscene

Analysis

Filmscene is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in January 2013, 13 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, Filmscene reported income of $1.9m and spending of $2.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.9m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filmscene 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 86th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Scioto Society Inc ($1.9m), Michigan Technology Commercialization Corporation ($1.9m) and Fresh Films ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $72k (3.4% of expenses). Other salaries and wages came to $615k. At year end it held assets of $3.8m against liabilities of $2.3m, net assets of $1.5m. It reported 40 employees.