Yale Daily News Publishing Company Inc

Analysis

Yale Daily News Publishing Company Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Yale Daily News Publishing Company Inc reported income of $194k and spending of $234k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $335k to $194k (-42%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yale Daily News Publishing Company Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Artcore Inc ($193k), Betts House Research Center Inc ($194k) and Fantasia Family Music ($193k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Other salaries and wages came to $75k. At year end it held assets of $986k against liabilities of $26k, net assets of $960k. It reported 1 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.