Pacific Public Media

Analysis

Pacific Public Media is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 2016, 10 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 May 2023, Pacific Public Media reported income of $10.8m and spending of $10.1m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $10.1m to $10.8m (+7.0%), an average of +1.7% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Public Media sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Texas Center for Arts-Academics ($10.7m), Edmundson Art Foundation Inc ($10.8m) and United States Artists Inc ($10.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $230k (2.3% of expenses). Other salaries and wages came to $3.4m. It paid $62k in professional fundraising fees. At year end it held assets of $24.6m against liabilities of $7.7m, net assets of $16.9m. It reported 73 employees.