Friends of Fort Lee Film Inc

Analysis

Friends of Fort Lee Film Inc is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in April 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Fort Lee Film Inc reported income of $1.1m and spending of $1.2m, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $279k to $1.1m (+293%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 117%. 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, Friends of Fort Lee Film Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Friends of the Brentwood Art Center ($1.1m), Childrens Museum of Rochester Inc ($1.1m) and Ziegfeld Theater Arts ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $91k (7.9% of expenses). Other salaries and wages came to $290k. At year end it held assets of $533k against liabilities of $155k, net assets of $378k. It reported 24 employees.