Center for New American Media Inc

Analysis

Center for New American Media Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Center for New American Media Inc reported income of $324k and spending of $1.2m, spending 355% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $324k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 487%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for New American Media Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Mesa Historical Society Inc ($324k), Life Waters ($324k) and Decatur Legacy Project ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $423k (37% of expenses). Other salaries and wages came to $413k. At year end it held assets of $513k against liabilities of $11k, net assets of $502k. It reported 4 employees.