Focolare Media Inc

Analysis

Focolare Media Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Focolare Media Inc reported income of $455k and spending of $473k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $455k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Focolare Media Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include South County Youth Association Incorporated ($455k), Steele City Aquatics ($455k) and Little League Baseball Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $208k (44% of expenses). Other salaries and wages came to $57k. It paid $11k in professional fundraising fees. At year end it held assets of $785k against liabilities of $802k, net assets of -$18k. It reported 10 employees.