In Medias Res

Analysis

In Medias Res is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, In Medias Res reported income of $6.5m and spending of $2.4m, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.5m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, In Medias Res sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Meor Inc ($6.5m), Icahn Charter School 2 ($6.5m) and Wisconsin Manufacturing Extension Partnership Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $433k (18% of expenses). Other salaries and wages came to $768k. At year end it held assets of $6.0m against liabilities of $67k, net assets of $5.9m. It reported 24 employees.