United Photo Industries Inc

Analysis

United Photo Industries Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2017, 9 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, United Photo Industries Inc reported income of $1.7m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.7m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Photo Industries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Timber Lake Playhouse ($1.7m), Anatolia Cultural Centers Inc ($1.7m) and Jose Limon Dance Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $119k (6.8% of expenses). Other salaries and wages came to $495k. At year end it held assets of $99k against liabilities of $571k, net assets of -$472k. It reported 85 employees.

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.