Inequality Media

Analysis

Inequality Media is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in April 2015, 11 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, Inequality Media reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inequality Media sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Greater Pittsburgh Arts Council ($1.6m), Gadsden Cultural Arts Foundation Inc ($1.6m) and Embracing Our Differences Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $184k (13% of expenses). Other salaries and wages came to $433k. It paid $41k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $99k, net assets of $2.1m. It reported 15 employees.