Audubon Community Cinema

Analysis

Audubon Community Cinema is a registered charity in United States, based in Audubon, IA. It received its IRS tax-exemption ruling in January 2016, 10 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, Audubon Community Cinema reported income of $58k and spending of $66k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $58k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Audubon Community Cinema sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Venice Heritage Inc ($58k), Nite Lite Theatre Inc ($58k) and Mke Black Incorporated ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.