Knowledge Media for Generations Inc

Analysis

Knowledge Media for Generations Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2024, 2 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, Knowledge Media for Generations Inc reported income of $185k and spending of $198k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $185k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knowledge Media for Generations Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Center Grove Fine Arts Academy Inc ($185k), Childrens Ballet Inc ($185k) and Singing Winds Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $22k. At year end it held assets of $22k against liabilities of $1,921, net assets of $20k. It reported 1 employees.