70 Faces Media Inc

Analysis

70 Faces Media Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1939, 87 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 December 2023, 70 Faces Media Inc reported income of $7.9m and spending of $8.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $7.9m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 70 Faces Media Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Stella Adler Studio of Acting ($7.9m), Community School of Music and Arts ($8.0m) and Ser-Jobs for Progress Inc - San Joaquin Valley ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $1.6m (19% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.8m against liabilities of $947k, net assets of $2.8m. It reported 50 employees.