Detroit Public Media

Analysis

Detroit Public Media is a registered charity in United States, based in Wixom, MI. It received its IRS tax-exemption ruling in November 1958, 68 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 June 2024, Detroit Public Media reported income of $26.4m and spending of $23.9m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $18.1m to $26.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2024, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Public Media sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Joslyn Art Museum ($26.3m), The Joffrey Ballet ($26.5m) and Second Stage Theatre ($26.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $1.0m (4.2% of expenses). Other salaries and wages came to $7.6m. It paid $1.8m in professional fundraising fees. At year end it held assets of $36.8m against liabilities of $8.4m, net assets of $28.4m. It reported 129 employees.