Lone Star Film Society

Analysis

Lone Star Film Society is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 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 December 2023, Lone Star Film Society reported income of $218k and spending of $237k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $232k to $218k (-6.1%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lone Star Film Society sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Bristol Trainstation Foundation ($218k), Lincoln Museum Inc ($218k) and Augustana Arts Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $80k (34% of expenses). Other salaries and wages came to $14k. At year end it held assets of $66k against liabilities of $142k, net assets of -$76k.