Society for Imaging Science and Technology

Analysis

Society for Imaging Science and Technology is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover science and technology, 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, Society for Imaging Science and Technology reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Imaging Science and Technology sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Avon Theatre Film Center Inc ($1.0m), 1st Stage Inc ($1.0m) and San Luis Obispo Symphony Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $180k (16% of expenses). Other salaries and wages came to $198k. At year end it held assets of $700k against liabilities of $592k, net assets of $108k. It reported 5 employees.

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.