Journalism Develoment Network Inc

Analysis

Journalism Develoment Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Journalism Develoment Network Inc reported income of $31.7m and spending of $22.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.9m to $31.7m (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Journalism Develoment Network Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within DC. Charities of a similar size with the same main cause include Securing Assets for Education ($31.7m), Park School Corporation ($31.7m) and American Dental Education Association ($31.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $633k (2.9% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $22.0m against liabilities of $1.0m, net assets of $20.9m. It reported 24 employees.