Immediate Medium Inc

Analysis

Immediate Medium Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. 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 2023, Immediate Medium Inc reported income of $215k and spending of $210k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $215k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Immediate Medium Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Ukrainian Studies Chair Fund Inc ($215k), Texas 4-H ($215k) and Los Banos Portuguese D E S Association ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). Other salaries and wages came to $28k. At year end it held assets of $60k against liabilities of $5,316, net assets of $55k. It reported 8 employees.