Media Cares Foundation Inc

Analysis

Media Cares Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2000, 26 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 Cares Foundation Inc reported income of $216k and spending of $287k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $216k (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 133% 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 Cares Foundation Inc sits at the 59th percentile: it is larger than about 59% 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 Foundation X ($216k), Sharing the Vision Inc ($216k) and Asi-Austin Texas Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $141k (49% of expenses). At year end it held assets of $599k against liabilities of $13k, net assets of $587k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.