Society of Professional Journalists Foundation

Analysis

Society of Professional Journalists Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1965, 61 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Professional Journalists Foundation reported income of $757k and spending of $966k, spending 128% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income fell from $1.1m to $757k (-32%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income rose by 143%. 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, Society of Professional Journalists 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 76th percentile within IN. Charities of a similar size with the same main cause include Lemur Conservation Foundation Inc ($757k), History Ink ($758k) and Yard Inc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% of the total. Other salaries and wages came to $310k. It paid $18k in professional fundraising fees. At year end it held assets of $15.6m against liabilities of $253k, net assets of $15.3m.