Downtown Winston-Salem Community Cinema

Analysis

Downtown Winston-Salem Community Cinema is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in November 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, Downtown Winston-Salem Community Cinema reported income of $685k and spending of $782k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $681k to $685k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Winston-Salem Community Cinema sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Halcyon Foundation ($685k), Holocaust Museum and Study Center ($685k) and Texas Energy Poverty Research Institute ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $255k. At year end it held assets of $242k against liabilities of $30k, net assets of $212k. It reported 29 employees.