Solomon Valley Cinema Inc

Analysis

Solomon Valley Cinema Inc is a registered charity in United States, based in Beloit, KS. It received its IRS tax-exemption ruling in April 1993, 33 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, Solomon Valley Cinema Inc reported income of $150k and spending of $164k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $150k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Solomon Valley Cinema Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within KS. Charities of a similar size with the same main cause include Eliot Fisk Guitar Academy Inc ($150k), Daguerreian Society ($150k) and Somerset Valley Players ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 65% of the total. Other salaries and wages came to $41k. At year end it held assets of $146k against liabilities of $81k, net assets of $65k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.