We Luv Video Film and Cultural Center

Analysis

We Luv Video Film and Cultural Center is a registered charity in United States, based in Austin, TX. 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 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, We Luv Video Film and Cultural Center reported income of $130k and spending of $156k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $130k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, We Luv Video Film and Cultural Center sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Hekademeia Research Solutions ($130k), Texas Orchestra Directors Association ($130k) and Beaufort Film Society ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $202k against liabilities of $150k, net assets of $52k.