World Media Foundation Inc

Analysis

World Media Foundation Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, World Media Foundation Inc reported income of $617k and spending of $592k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $688k to $617k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Media Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Somali Artifact and Cultural Museum ($617k), Idaho Falls Symphony Society Inc ($617k) and Friends of the Ramsey County Libraries ($617k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $136k (23% of expenses). Other salaries and wages came to $144k. At year end it held assets of $6.8m against liabilities of $286k, net assets of $6.5m. It reported 8 employees.