Sag Harbor Cinema Arts Center Inc

Analysis

Sag Harbor Cinema Arts Center Inc is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in January 2018, 8 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, Sag Harbor Cinema Arts Center Inc reported income of $3.5m and spending of $3.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.8m to $3.5m (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sag Harbor Cinema Arts Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Somarts ($3.5m), Sea Turtle Inc ($3.5m) and Wisconsin Conservatory of Music Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 48% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $19.7m against liabilities of $1.7m, net assets of $18.0m. It reported 37 employees.