Festival of Cinema Inc

Analysis

Festival of Cinema Inc is a registered charity in United States, based in Glendale, NY. It received its IRS tax-exemption ruling in October 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 September 2023, Festival of Cinema Inc reported income of $100k and spending of $100k, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $82k to $100k (+21%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival of Cinema Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include William E Swigart Jr Automobile Museum ($100k), Harvard University Band Inc ($100k) and Denmark Arts Center ($100k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1,434 against liabilities of $17k, net assets of -$16k.