Giant Screen Cinema Association

Analysis

Giant Screen Cinema Association is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 2003, 23 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, Giant Screen Cinema Association reported income of $512k and spending of $504k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $646k to $512k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Giant Screen Cinema Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Master Chorale of South Florida Inc ($512k), Ophelias Jump Productions a California Public Benefit Corporat ($512k) and Art with Impact ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $125k (25% of expenses). Other salaries and wages came to $93k. At year end it held assets of $245k against liabilities of $22k, net assets of $222k. It reported 2 employees.