Media Literacy Now

Analysis

Media Literacy Now is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in February 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, Media Literacy Now reported income of $450k and spending of $193k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $450k (+309%), an average of +309% a year. The sharpest change came in the year to December 2023, when income rose by 309%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Media Literacy Now sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Saint Charles Oktoberfest ($450k), Amarillo Opera ($450k) and Northern Lights Music Festival ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $20k (10% of expenses). Other salaries and wages came to $99k. At year end it held assets of $340k against liabilities of $94, net assets of $340k. It reported 4 employees.