Coda Media Inc

Analysis

Coda Media Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coda Media Inc reported income of $1.6m and spending of $1.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $782k to $1.6m (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coda Media Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Flagler Ecumenical Social Service Center Inc ($1.6m), Boy Scouts of America ($1.6m) and Los Angeles County High School for the Arts Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $131k (7.7% of expenses). Other salaries and wages came to $844k. At year end it held assets of $1.0m against liabilities of $109k, net assets of $929k. It reported 8 employees.