Wellesley Media Corporation

Analysis

Wellesley Media Corporation is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wellesley Media Corporation reported income of $613k and spending of $486k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $612k to $613k (+0.1%), an average of +0.0% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley Media Corporation sits at the 70th percentile: it is larger than about 70% 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 Literacy Dupage ($613k), Icu LLC ($613k) and Mothers Aligned Saving Kids Inc ($613k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $229k. At year end it held assets of $3.1m against liabilities of $13k, net assets of $3.1m.