VPM Media Corporation

Analysis

VPM Media Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1964, 62 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 June 2023, VPM Media Corporation reported income of $24.8m and spending of $26.1m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.9m to $24.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, VPM Media Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Puerto Rico Science Technology and Research Trust ($24.8m), Battleship Texas Foundation Inc ($25.0m) and Sealaska Heritage Institute ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.6m (6.1% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $28.9m against liabilities of $3.1m, net assets of $25.8m. It reported 122 employees.