Public Media Network

Analysis

Public Media Network is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Public Media Network reported income of $1.2m and spending of $1.5m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 112%. 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, Public Media Network sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Local TV Inc ($1.2m), The Lafayette Society Forperforming Arts Inc ($1.2m) and Studio Incamminati ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $103k (7.0% of expenses). Other salaries and wages came to $465k. At year end it held assets of $3.2m against liabilities of $158k, net assets of $3.0m. It reported 16 employees.