Point Magazine

Analysis

Point Magazine is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Point Magazine reported income of $406k and spending of $403k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $406k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Point Magazine sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Educational Consortium Institute ($406k), Indian Training and Education Center Inc ($406k) and Community Alliance for Learning ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $191k. At year end it held assets of $37k against liabilities of $2,581, net assets of $34k. It reported 4 employees.