Here is the crash. I took a quick look and thread five said it crashed because it was unable to allocate memory. So I included thread 5 below.
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\f0\fs24 \cf0 Process: iPhoto [1264]\
Path: /Applications/iPhoto.app/Contents/MacOS/iPhoto\
Identifier: com.apple.iPhoto\
Version: 9.4.3 (9.4.3)\
Build Info: iPhotoProject-720091000000000~1\
App Item ID: 408981381\
App External ID: 15017489\
Code Type: X86 (Native)\
Parent Process: launchd [212]\
User ID: 501\
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Date/Time: 2013-05-11 15:19:09.903 -0700\
OS Version: Mac OS X 10.8.3 (12D78)\
Report Version: 10\
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Interval Since Last Report: 7727 sec\
Crashes Since Last Report: 1\
Per-App Interval Since Last Report: 2266 sec\
Per-App Crashes Since Last Report: 1\
Anonymous UUID: A3A9AFA9-D7BC-7009-31CC-4C1ACCE8D6B4\
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Crashed Thread: 5\
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Exception Type: EXC_BAD_ACCESS (SIGSEGV)\
Exception Codes: KERN_INVALID_ADDRESS at 0x00000000ffffffff\
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VM Regions Near 0xffffffff:\
--> shared memory 00000000ffffa000-00000000ffffb000 [ 4K] r-x/r-x SM=SHM \
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Thread 5 Crashed:\
0 com.apple.CoreImage 0x90252295 CoreImage_crashed_because_it_could_not_allocate_memory(void const*) + 17\
1 com.apple.CoreImage 0x90252120 FEVirtualMemory::allocate(unsigned long&, signed char&, FEVirtualMemoryUsage) + 288\
2 com.apple.CoreImage 0x9015263b fe_bitmap_init_(fe_bitmap_struct*, int, int, unsigned long, unsigned long, unsigned long, FEFormat) + 112\
3 com.apple.CoreImage 0x901525c0 fe_bitmap_init(fe_bitmap_struct*, unsigned long, unsigned long, unsigned long, FEFormat) + 84\
4 com.apple.CoreImage 0x9015410d FETiledBitmap::assembleBitmap(fe_bitmap_struct&, FEFormat const&, CGRect const&, CGRect&, FETiledBitmapToken_s*&) + 777\
5 com.apple.CoreImage 0x902192c8 -[FEOpenCLContext(Buffer) _textureForBitmap:bounds:target:wrapMode:filterMode:buffer:] + 641\
6 com.apple.CoreImage 0x9021ac18 -[FEContext(Texture) textureForBitmap:bounds:target:wrapMode:filterMode:buffer:] + 351\
7 com.apple.CoreImage 0x9011dbcf -[FEBufferImage _createTextureWithContext:bounds:target:wrapMode:filterMode:buffer:] + 307\
8 com.apple.CoreImage 0x90123116 -[FEImage(Internal) createTextureWithContext:bounds:target:wrapMode:filterMode:buffer:] + 294\
9 com.apple.CoreImage 0x90140673 FETexture::retainTextureObject(FETextureCache*, FEContext*, unsigned int, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), CGRect const*, bool, fe_texture_object_struct**) + 461\
10 com.apple.CoreImage 0x90141112 FETexture::newTexture(FEContext*, fe_texture_params_struct const*, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), fe_texture_object_struct**) + 996\
11 com.apple.CoreImage 0x90146347 FETreeNode::createTexture(FETreeContext*, unsigned int, unsigned int, bool, bool, FETreeTexture*, unsigned int) + 885\
12 com.apple.CoreImage 0x901487fd FEApplyTreeNode::render2(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 719\
13 com.apple.CoreImage 0x90145deb FETreeNode::render_(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 151\
14 com.apple.CoreImage 0x90145fb3 FETreeNode::renderTexture(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 69\
15 com.apple.CoreImage 0x90140793 FETexture::retainTextureObject(FETextureCache*, FEContext*, unsigned int, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), CGRect const*, bool, fe_texture_object_struct**) + 749\
16 com.apple.CoreImage 0x90141112 FETexture::newTexture(FEContext*, fe_texture_params_struct const*, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), fe_texture_object_struct**) + 996\
17 com.apple.CoreImage 0x90146347 FETreeNode::createTexture(FETreeContext*, unsigned int, unsigned int, bool, bool, FETreeTexture*, unsigned int) + 885\
18 com.apple.CoreImage 0x90146d54 FEImageOrUnaryTreeNode::render2(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 876\
19 com.apple.CoreImage 0x90145deb FETreeNode::render_(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 151\
20 com.apple.CoreImage 0x901492ad FECropTreeNode::render2(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 181\
21 com.apple.CoreImage 0x90145deb FETreeNode::render_(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 151\
22 com.apple.CoreImage 0x90145fb3 FETreeNode::renderTexture(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 69\
23 com.apple.CoreImage 0x90140793 FETexture::retainTextureObject(FETextureCache*, FEContext*, unsigned int, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), CGRect const*, bool, fe_texture_object_struct**) + 749\
24 com.apple.CoreImage 0x90141112 FETexture::newTexture(FEContext*, fe_texture_params_struct const*, void*, void (*)(void*, CGRect, FEFormat, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*), fe_texture_object_struct**) + 996\
25 com.apple.CoreImage 0x90146347 FETreeNode::createTexture(FETreeContext*, unsigned int, unsigned int, bool, bool, FETreeTexture*, unsigned int) + 885\
26 com.apple.CoreImage 0x901487fd FEApplyTreeNode::render2(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 719\
27 com.apple.CoreImage 0x90145deb FETreeNode::render_(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 151\
28 com.apple.CoreImage 0x90149510 FEDivTreeNode::render2(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 522\
29 com.apple.CoreImage 0x90145deb FETreeNode::render_(FETreeContext*, FEShape const*, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 151\
30 com.apple.CoreImage 0x901497ff FETreeNode::render(FETreeContext*, FEShape const&, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 97\
31 com.apple.CoreImage 0x90149798 FETreeContext::render(FETreeNode*, FEShape const&, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 52\
32 com.apple.CoreImage 0x9014cee7 FETreeContext::renderTree(FETreeNode*, FEShape const&, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 185\
33 com.apple.CoreImage 0x9014d237 FETreeContext::renderImage_(FEImage*, CGRect, FEShape const*, CGAffineTransform, CGColorSpace*, FEFormat, bool, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 785\
34 com.apple.CoreImage 0x9014d580 FETreeContext::renderImage(FEImage*, CGRect, FEShape const*, CGAffineTransform, CGColorSpace*, FEFormat, bool, void (*)(FEContext*, void*, FEFormat), void (*)(FEContext*, void*), void*) + 356\
35 com.apple.CoreImage 0x9012323c -[FEImage(Internal) _renderWithContext:bounds:transform:colorSpace:format:premultiplied:setupCallba ck:finishCallback:callbackData:] + 268\
36 com.apple.CoreImage 0x90122ae0 -[FEImage getBitmap:withContext:origin:transform:colorSpace:] + 1442\
37 com.apple.CoreImage 0x901229f5 -[FEImage getBitmap:withContext:origin:transform:colorSpace:] + 1207\
38 com.apple.CoreImage 0x900d4407 -[CIContextImpl render:toBitmap:rowBytes:bounds:format:colorSpace:] + 353\
39 com.apple.CoreImage 0x900d32fb -[CIContext render:toBitmap:rowBytes:bounds:format:colorSpace:] + 93\
40 com.apple.geode 0x010d3f74 -[DGQuartzContext renderImage:toBuffer:bpr:fromRect:inRect:context:] + 1744\
41 com.apple.geode 0x0105f1b3 -[DGContext renderImage:toBuffer:bpr:fromRect:inRect:purpose:] + 541\
42 com.apple.geode 0x0105ef8e -[DGContext renderImage:toBuffer:bpr:fromRect:purpose:] + 131\
43 com.apple.geode 0x01077694 -[DGRenderFactory renderRequest:intoPageRef:skipThreadCheck:] + 5429\
44 com.apple.geode 0x01078129 -[DGRenderFactory renderHandler:] + 197\
45 libobjc.A.dylib 0x97c795d3 -[NSObject performSelector:withObject:] + 70\
46 com.apple.proxtcore 0x01fcfe59 -[XTSubscription postMessage:] + 191\
47 com.apple.proxtcore 0x01fcf71f -[XTDistributor distributeMessage:] + 681\
48 com.apple.proxtcore 0x01fcef42 -[XTThread handleMessage:] + 515\
49 com.apple.proxtcore 0x01fcdb2f -[XTThread run:] + 434\
50 com.apple.Foundation 0x980ed7c8 -[NSThread main] + 45\
51 com.apple.Foundation 0x980ed74b __NSThread__main__ + 1396\
52 libsystem_c.dylib 0x92d355b7 _pthread_start + 344\
53 libsystem_c.dylib 0x92d1fd4e thread_start + 34\
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