Foundation for Minority Interests in Media Inc

Analysis

Foundation for Minority Interests in Media Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in September 1985, 41 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, Foundation for Minority Interests in Media Inc reported income of $2.0m and spending of $2.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $2.0m (-3.7%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Minority Interests in Media Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Kirkland Performance Center ($2.0m), Taca Inc ($2.0m) and Atlanta Interfaith Broadcasters Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $74k, net assets of $3.7m. It reported 11 employees.