Bronxnet Public Media Corporation

Analysis

Bronxnet Public Media Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1991, 35 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 December 2023, Bronxnet Public Media Corporation reported income of $4.6m and spending of $7.6m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.2m to $4.6m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bronxnet Public Media Corporation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Sol Aureus College Preparatory ($4.6m), Catawba County Partnership for Children ($4.6m) and Sheet Metal Workers Local 20 Apprenticeship & Training TR ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $190k (2.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $17.8m against liabilities of $360k, net assets of $17.5m. It reported 115 employees.