Cinematique of Daytona Inc

Analysis

Cinematique of Daytona Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in June 2004, 22 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, Cinematique of Daytona Inc reported income of $190k and spending of $215k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $190k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cinematique of Daytona Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Footlighters ($190k), Dance Studies Association Inc ($190k) and Carson Valley Arts Council ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 53% of the total. Other salaries and wages came to $79k. At year end it held assets of $20k against liabilities of $4,123, net assets of $16k. It reported 4 employees.