New England Public Media Inc

Analysis

New England Public Media Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1980, 46 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New England Public Media Inc reported income of $9.4m and spending of $11.8m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $9.4m (+380%), an average of +48% a year. The sharpest change came in the year to June 2020, when income rose by 218%. Over the whole period it spent 146% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Public Media Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Association for Research and Enlightenment Inc ($9.4m), Sun N Fun Fly in Inc ($9.4m) and Music City Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $460k (3.9% of expenses). Other salaries and wages came to $5.5m. It paid $440k in professional fundraising fees. At year end it held assets of $15.2m against liabilities of $6.2m, net assets of $9.0m. It reported 76 employees.

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.