Pennsylvania Newsmedia Association Foundation

Analysis

Pennsylvania Newsmedia Association Foundation is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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, Pennsylvania Newsmedia Association Foundation reported income of $207k and spending of $381k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $207k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 174% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pennsylvania Newsmedia Association Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Proclaiming the Truth Inc ($207k), Community Soup Kitchen Inc ($207k) and Footbridge ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 45% of the total. At year end it held assets of $2.8m against liabilities of $564k, net assets of $2.2m.