National Association of Theatre Owners Cinema Foundation Inc

Analysis

National Association of Theatre Owners Cinema Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2024, National Association of Theatre Owners Cinema Foundation Inc reported income of $762k and spending of $1.7m, spending 227% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $2.5m to $762k (-70%), an average of -45% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Theatre Owners Cinema Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Austin Chamber Music Center ($762k), National Youth Theater ($762k) and Plum Street Temple Historic Preservation Fund ($762k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $368k (21% of expenses). Other salaries and wages came to $193k. At year end it held assets of $652k against liabilities of $52k, net assets of $600k.