Wqed Multimedia

Analysis

Wqed Multimedia is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1954, 72 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 September 2023, Wqed Multimedia reported income of $12.8m and spending of $13.4m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.6m to $12.8m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wqed Multimedia sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Trust for the National Mall ($12.8m), Institute for Creation Research ($12.9m) and Boyce Thompson Institute for Plant Research Inc ($12.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $1.2m (8.9% of expenses). Other salaries and wages came to $3.6m. It paid $1.1m in professional fundraising fees. At year end it held assets of $25.3m against liabilities of $2.2m, net assets of $23.1m. It reported 127 employees.