Key West Film Society Inc

Analysis

Key West Film Society Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in December 1999, 27 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 September 2023, Key West Film Society Inc reported income of $724k and spending of $1.0m, spending 144% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $724k (-55%), an average of -18% a year. The sharpest change came in the year to September 2020, when income dropped by 49%. 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, Key West Film Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Climb Theatre Inc ($724k), Robert H Jackson Center Inc ($724k) and Penny Lane Beatles Museum Inc ($724k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $259k. At year end it held assets of $1.5m against liabilities of $619k, net assets of $923k. It reported 13 employees.