Media Development Investment Fund Inc

Analysis

Media Development Investment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Media Development Investment Fund Inc reported income of $17.7m and spending of $14.9m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $17.7m (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Media Development Investment Fund 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 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Kosciusko County Community Foundation Inc ($17.7m), Solidaire Network Inc ($17.8m) and Ada Forsyth Institute Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $884k (6.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $55.7m against liabilities of $18.4m, net assets of $37.3m. It reported 11 employees.