TILT INSTITUTE FOR THE CONTEMPORARY IMAGE

EIN: 263413554 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$585,599
Total Expenses
$932,323
Total Assets
$380,699
Net Assets
$188,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
PA
Phone
2152325678
Tax Period
2023-07-01 to 2024-06-30

TILT INSTITUTE FOR THE CONTEMPORARY IMAGE, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $586K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $932K exceeded revenue, resulting in a 59% operating deficit.

Mission

TILT INSTITUTE FOR THE CONTEMPORARY IMAGE (TILT) WAS FORMED FOR THE STUDY, PRACTICE, AND APPRECIATION OF CONTEMPORARY PHOTOGRAPHY IN THE REGION. TILT OFFERS EDUCATIONAL PROGRAMS, EXHIBITIONS AND CORRESPONDING AUXILIARY PROGRAMMING, LECTURES BY PRACTICING ARTISTS, AND AFFORDABLE ACCESS TO HIGH-END DIGITAL EQUIPMENT FOR THE CREATION OF ART WORKS. TILT IS A RESOURCE FOR BOTH PRACTICING ARTISTS AS WELL AS INDIVIDUALS INTERESTED IN LEARNING ABOUT ALL ASPECTS OF CONTEMPORARY PHOTOGRAPHY.

Program Service Accomplishments

Program 1
Expenses: $340,785

EXHIBITION: TILT'S SERVICE ACCOMPLISHMENTS THIS YEAR ARE REFLECTED IN ITS ATTENDANCE AND NUMBER OF PEOPLE SERVED. OVER 10,000 PEOPLE VISITED TILT'S EXHIBITIONS THIS YEAR.

Program 2
Expenses: $146,040 Revenue: $8,626

EDUCATION: TILT HAD 113 MEMBERS TO THE ORGANIZATION AND 16 ATTENDED CLASSES AND WORKSHOPS.

Program 3
Expenses: $132,425 Revenue: $54,684

LAB: OVER 145 PEOPLE USED THE EQUIPMENT IN PPAC'S STATE OF THE ART DIGITAL LAB FOR THE CREATION OF ART WORKS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $493,837
Program Service Revenue $74,887
Investment Income $0
Other Revenue $16,875
TOTAL REVENUE $585,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $509,477
Fundraising Expenses $94,765
Program Expenses $619,250
Other Expenses $422,846
TOTAL EXPENSES $932,323

Year-over-Year Comparison

2023 2022 Change
Revenue $585,599 $834,114 -0.3%
Expenses $932,323 $908,631 +0.0%
Net Income $-346,724 $-74,517 +3.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
10
Employees
11
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$103,204
Total Directors
9
$103,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH STOLFA CEO 40.00
Officer Director
$99,433 $3,771 $103,204
CAROLYN OAKLEY LOWE Chair 2.00
Officer Director
$0 $0 $0
CHRISTINE LUSSIER Treasurer 2.00
Officer Director
$0 $0 $0
ANDY HOLTZMAN Trustee 2.00
Director
$0 $0 $0
ERIKA FIEST Trustee 2.00
Director
$0 $0 $0
RICHARD P JAFFE Vice-Chair 2.00
Officer Director
$0 $0 $0
CHARLIE HERRIN Trustee 2.00
Director
$0 $0 $0
JAN SUTCLIFFE Trustee 2.00
Director
$0 $0 $0
PETER KIRIACOULACOS Trustee 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $585,599 $932,323 $380,699 $-346,724
2023 $834,114 $908,631 $786,730 $-74,517
2022 $932,313 $919,118 $665,164 $13,195
2021 $1,181,001 $827,754 $742,216 $353,247
2020 $765,038 $1,026,025 $438,867 $-260,987
2019 $1,024,366 $1,266,654 $526,758 $-242,288
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