Media Impact Funders Inc

Analysis

Media Impact Funders Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Media Impact Funders Inc reported income of $1.2m and spending of $1.6m, spending 133% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $948k to $1.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Media Impact Funders Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Castle Air Museum Foundation Incorporated ($1.2m), Institute of Nautical Archaeology ($1.2m) and Newport Contemporary Ballet ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $197k (12% of expenses). Other salaries and wages came to $457k. At year end it held assets of $752k against liabilities of $182k, net assets of $570k. It reported 6 employees.