Columbia Film Society

Analysis

Columbia Film Society is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2023, Columbia Film Society reported income of $833k and spending of $1.2m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $833k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbia Film Society sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Theatre Raleigh Inc ($833k), Investigatewest ($834k) and Fargo Air Museum ($833k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $85k (7.1% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.1m against liabilities of $531k, net assets of $1.6m. It reported 21 employees.