Chicago Media Project

Analysis

Chicago Media Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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, Chicago Media Project reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $1.6m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Media Project sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include North Hudson Regional Council of Mayors ($1.6m), Belmont Boulevard Housing Development Fund Company Inc ($1.6m) and Westernaires ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $208k (16% of expenses). Other salaries and wages came to $207k. At year end it held assets of $249k against liabilities of $687k, net assets of -$437k. It reported 5 employees.