Polk County Film Initiative Inc

Analysis

Polk County Film Initiative Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in April 2015, 11 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, Polk County Film Initiative Inc reported income of $110k and spending of $71k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $110k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Polk County Film Initiative Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Taos Chamber Music Group ($110k), L Atelier Theatre Ny Inc ($110k) and Top 20 Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $37k against liabilities of $20k, net assets of $16k.