Type Media Center Inc

Analysis

Type Media Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1967, 59 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, Type Media Center Inc reported income of $2.4m and spending of $3.2m, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $4.9m to $2.4m (-52%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Type Media Center Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Moonlight Cultural Foundation ($2.4m), Ojai Festivals Ltd ($2.4m) and African American Heritage Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $282k (8.8% of expenses). Other salaries and wages came to $891k. At year end it held assets of $6.3m against liabilities of $113k, net assets of $6.2m. It reported 13 employees.