Palm Springs International Film Society

Analysis

Palm Springs International Film Society is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Palm Springs International Film Society reported income of $3.7m and spending of $3.8m, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $4.1m to $3.7m (-10%), an average of -2.7% a year. The sharpest change came in the year to March 2022, when income rose by 522%. Over the whole period it spent 129% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palm Springs International Film Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Matpac Wrestling Club Inc ($3.7m), Hilltopper Athletic Foundation Inc ($3.7m) and Lafayette Central Park Inc ($3.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% and program service revenue 54% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.5m against liabilities of $472k, net assets of $6.0m. It reported 147 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.