Local Independent Online News Publishers Inc

Analysis

Local Independent Online News Publishers Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, Local Independent Online News Publishers Inc reported income of $6.9m and spending of $6.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $6.9m (+904%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 358%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Local Independent Online News Publishers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within DE. Charities of a similar size with the same main cause include Jewbelong Inc ($6.9m), Theatreworks USA Corp ($6.9m) and Japanese Childrens Society Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $189k (2.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.7m against liabilities of $1.6m, net assets of $3.0m. It reported 16 employees.