Independent Media Institute

Analysis

Independent Media Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1983, 43 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, Independent Media Institute reported income of $1.6m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent Media Institute 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 80th percentile within NY. Charities of a similar size with the same main cause include The Walls Project ($1.6m), Ataxia Telangiectasia Childrens Project Inc ($1.6m) and Milwaukee Youth Arts Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $161k (12% of expenses). Other salaries and wages came to $338k. At year end it held assets of $789k against liabilities of $136k, net assets of $653k. It reported 8 employees.