Poynter Institute for Media Studies Inc

Analysis

Poynter Institute for Media Studies Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Poynter Institute for Media Studies Inc reported income of $15.9m and spending of $15.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.9m to $15.9m (+6.5%), an average of +1.6% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Poynter Institute for Media Studies Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Hire Heroes USA ($15.9m), Antonia Pantoja Charter School an Aspira of Pennsylvania School ($15.9m) and Montserrat College of Art Inc ($15.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $1.0m (6.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $53.2m against liabilities of $560k, net assets of $52.6m. It reported 91 employees.