Workingfilms Inc

Analysis

Workingfilms Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 2000, 26 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, Workingfilms Inc reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $520k to $1.8m (+247%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Workingfilms Inc 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 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Nasw Foundation ($1.8m), Ripm Consortium Ltd ($1.8m) and Tia Chuchas Centro Cultural Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $449k (28% of expenses). Other salaries and wages came to $300k. At year end it held assets of $2.1m against liabilities of $110k, net assets of $2.0m. It reported 10 employees.