First Look Institute Inc

Analysis

First Look Institute Inc is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in November 2015, 11 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, First Look Institute Inc reported income of $8.9m and spending of $27.0m, spending 302% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.4m to $8.9m (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income rose by 168%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Look Institute Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include New Hampshire Public Radio Inc ($8.9m), Free Press ($8.9m) and Pabst Theater Foundation Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $335k. At year end it held assets of $9.8m against liabilities of $12.1m, net assets of -$2.4m. It reported 51 employees.