Mainspring Narrative Films Inc

Analysis

Mainspring Narrative Films Inc is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in September 2018, 8 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, Mainspring Narrative Films Inc reported income of $84k and spending of $85k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $84k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mainspring Narrative Films Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Friends of the Wyandotte Museums ($84k), Arts Arena International Inc ($84k) and Groundbreakers NJ Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $93, net assets of $31k.