Millerton Community Cinema Inc

Analysis

Millerton Community Cinema Inc is a registered charity in United States, based in Millerton, NY. It received its IRS tax-exemption ruling in September 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 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 December 2023, Millerton Community Cinema Inc reported income of $903k and spending of $957k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $470k to $903k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Millerton Community Cinema Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Contemporary Arts Memphis ($902k), Monadnock Media Inc ($903k) and Metropolitan Educational Theatre Network Inc a Delaware Corp ($902k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $205k. At year end it held assets of $56k against liabilities of $224k, net assets of -$168k. It reported 18 employees.