American General Media Foundation

Analysis

American General Media Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American General Media Foundation reported income of $780k and spending of $821k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $791k to $780k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American General Media Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Concord Independent Foundation Inc ($780k), National Federation of Music Clubs ($780k) and Golf History of Colorado Foundation ($780k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 34% of the total. Other salaries and wages came to $167k. At year end it held assets of $2.4m against liabilities of $273k, net assets of $2.1m. It reported 9 employees.