Austin Film Society

Analysis

Austin Film Society is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1986, 40 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 August 2023, Austin Film Society reported income of $7.9m and spending of $7.6m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $10.3m to $7.9m (-23%), an average of -6.3% a year. The sharpest change came in the year to August 2020, when income dropped by 53%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Film Society sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Chamber Music Society of Lincoln Center Inc ($7.9m), Center for Environmental Health Monitoring and Management ($7.9m) and Discovery Childrens Museum ($7.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $190k (2.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.7m against liabilities of $4.9m, net assets of $10.8m. It reported 79 employees.