1hood Media Academy

Analysis

1hood Media Academy is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1hood Media Academy reported income of $1.7m and spending of $2.2m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $1.7m (+151%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 192%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1hood Media Academy sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Cultural Conservancy Sacred Land Foundation ($1.7m), Arts of Life ($1.7m) and Evanston Art Center and Market ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $238k (11% of expenses). Other salaries and wages came to $371k. At year end it held assets of $1.9m against liabilities of $65k, net assets of $1.8m. It reported 13 employees.