Olympia Film Society

Analysis

Olympia Film Society is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in March 2020, 6 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, Olympia Film Society reported income of $531k and spending of $618k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $531k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olympia Film Society sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Oxford Community Arts Center ($531k), Webster Museums Incorporated ($531k) and Iowa State Dance Drill Team Associa ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Other salaries and wages came to $261k. At year end it held assets of $852k against liabilities of $430k, net assets of $423k. It reported 21 employees.