Upstate Films Limited

Upstate Films Limited shows strong revenue and asset growth, with no reported officer compensation, but liabilities have significantly increased.

EIN: 141546573 · Rhinebeck, NY · NTEE: A31Z · Updated: 2026-03-28

$2.8MRevenue

$2.7MAssets

90/100Mission Score (Excellent)

A31Z

About Upstate Films Limited

Upstate Films Limited (EIN: 141546573) is a nonprofit organization based in Rhinebeck, NY, classified under NTEE code A31Z. The organization reported total revenue of $2.8M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate Films Limited's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Upstate Films Limited demonstrates a generally stable financial position with consistent revenue and asset growth over the past few years, particularly notable in the 2021-2023 period. In the latest filing (202306), the organization reported revenues of $1,388,405 against expenses of $1,368,880, indicating a slight surplus. Their assets have also shown significant growth, nearly doubling from $1,130,620 in 2021 to $2,317,264 in 2023, which is a positive indicator of financial health and capacity. However, liabilities have also increased substantially during this period, from $195,241 in 2021 to $1,309,163 in 2023, which warrants closer examination to understand the nature of these obligations.

The organization's spending efficiency appears sound, with expenses closely tracking revenues, suggesting responsible management of resources. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a significant positive for transparency and donor confidence. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a well-managed operation.

Transparency is high regarding executive compensation, with no reported officer compensation. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to regulatory compliance and public disclosure. The growth in assets and revenue, coupled with controlled expenses, suggests a financially healthy organization capable of sustaining its operations, though the increase in liabilities should be monitored.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Upstate Films Limited with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Upstate Films Limited allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with revenues exceeding $1.3 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Upstate Films Limited's IRS 990 filings:

Significant increase in liabilities from $195,241 in 2021 to $1,309,163 in 2023, which needs further context.

Strengths

The following positive indicators were identified for Upstate Films Limited:

Consistent revenue growth, from $563,755 in 2021 to $1,388,405 in 2023.
Strong asset growth, from $1,130,620 in 2021 to $2,317,264 in 2023.
0% reported officer compensation across all filings, indicating high dedication of funds to mission.
Expenses closely track revenues, suggesting efficient financial management.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.

Frequently Asked Questions about Upstate Films Limited

Is Upstate Films Limited financially stable?

Yes, Upstate Films Limited appears financially stable, demonstrating consistent revenue growth from $563,755 in 2021 to $1,388,405 in 2023, and a significant increase in assets from $1,130,620 to $2,317,264 over the same period. Expenses are well-managed relative to revenue.

How has Upstate Films Limited's financial health changed over the past few years?

The organization has experienced substantial financial growth in recent years, with revenue more than doubling and assets nearly doubling between 2021 and 2023. This indicates a period of significant expansion and increased operational capacity.

What is the trend in Upstate Films Limited's liabilities?

Liabilities have shown a significant upward trend, increasing from $195,241 in 2021 to $1,309,163 in 2023. While assets have also grown, this increase in liabilities warrants further investigation to understand its nature and potential impact.

Filing History

IRS 990 filing history for Upstate Films Limited showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Upstate Films Limited's revenue has grown by 52.2%, moving from $912K to $1.4M. Total assets increased by 158.7% over the same period, from $896K to $2.3M. Total functional expenses rose by 51.5%, from $904K to $1.4M. In its most recent filing year (2023), Upstate Films Limited reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.3M in assets (debt-to-asset ratio: 56.5%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.4M	$1.4M	$2.3M	$1.3M	—	—
2022	$1.3M	$1.2M	$2.0M	$1.0M	—	View 990
2021	$564K	$545K	$1.1M	$195K	—	View 990
2020	$706K	$797K	$961K	$85K	—	View 990
2019	$1.0M	$993K	$1.0M	$64K	—	View 990
2018	$919K	$971K	$967K	$54K	—	View 990
2017	$915K	$966K	$1.0M	$49K	—	View 990
2016	$924K	$926K	$1.1M	$70K	—	View 990
2015	$963K	$925K	$1.1M	$55K	—	View 990
2014	$900K	$962K	$1.0M	$72K	—	View 990
2013	$1.0M	$896K	$1.2M	$158K	—	View 990
2012	$970K	$916K	$975K	$101K	—	View 990
2011	$912K	$904K	$896K	$76K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.4M, expenses of $1.4M, and assets of $2.3M (revenue +5.8% year-over-year).
2022: Revenue of $1.3M, expenses of $1.2M, and assets of $2.0M (revenue +132.8% year-over-year).
2021: Revenue of $564K, expenses of $545K, and assets of $1.1M (revenue -20.1% year-over-year).
2020: Revenue of $706K, expenses of $797K, and assets of $961K (revenue -32.1% year-over-year).
2019: Revenue of $1.0M, expenses of $993K, and assets of $1.0M (revenue +13.1% year-over-year).
2018: Revenue of $919K, expenses of $971K, and assets of $967K (revenue +0.5% year-over-year).
2017: Revenue of $915K, expenses of $966K, and assets of $1.0M (revenue -1.0% year-over-year).
2016: Revenue of $924K, expenses of $926K, and assets of $1.1M (revenue -4.1% year-over-year).
2015: Revenue of $963K, expenses of $925K, and assets of $1.1M (revenue +7.1% year-over-year).
2014: Revenue of $900K, expenses of $962K, and assets of $1.0M (revenue -14.1% year-over-year).
2013: Revenue of $1.0M, expenses of $896K, and assets of $1.2M (revenue +7.9% year-over-year).
2012: Revenue of $970K, expenses of $916K, and assets of $975K (revenue +6.4% year-over-year).
2011: Revenue of $912K, expenses of $904K, and assets of $896K.

Data Sources and Methodology

This transparency report for Upstate Films Limited is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.