Public Media Venture Group

Analysis

Public Media Venture Group is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 2011, 15 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, Public Media Venture Group reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $1.6m (+209%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Media Venture Group sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Latino Leadership Inc ($1.6m), Association of University Presses Inc ($1.6m) and Charlou Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $332k (23% of expenses). At year end it held assets of $3.7m against liabilities of $2.2m, net assets of $1.5m. It reported 1 employees.