Boreal Community Media

Analysis

Boreal Community Media is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Boreal Community Media reported income of $92k and spending of $93k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $92k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boreal Community Media sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($92k), Jericho Historical Society Inc ($92k) and Des Moines Choral Society ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $19k (20% of expenses). Other salaries and wages came to $29k. At year end it held assets of $183k against liabilities of $3,273, net assets of $180k. It reported 3 employees.