Midpeninsula Community Media Center Inc

Analysis

Midpeninsula Community Media Center Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Midpeninsula Community Media Center Inc reported income of $667k and spending of $1.3m, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $667k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 162% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midpeninsula Community Media Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Fisher House Southern California Inc ($667k), Merced Lao Family Community Inc ($668k) and Electrical Joint Apprentice and Training Committee of Watertown Ny ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $65k (5.2% of expenses). Other salaries and wages came to $423k. At year end it held assets of $4.9m against liabilities of $59k, net assets of $4.8m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.