Independent Filmworks Inc

Analysis

Independent Filmworks Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Filmworks Inc reported income of $82k and spending of $86k, spending 105% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $1,464 to $82k (+5498%), an average of +648% a year. The sharpest change came in the year to December 2022, when income dropped by 881%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent Filmworks Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Khai Tri Vietnamese Language and Culture Academy ($82k), Wichita Falls Vocal Arts Guild ($82k) and Sewickley Valley Historical Society ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $8,215 against liabilities of $58k, net assets of -$50k.

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.