News Revenue Hub Inc

Analysis

News Revenue Hub Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2018, 8 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 December 2023, News Revenue Hub Inc reported income of $3.9m and spending of $4.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.9m (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, News Revenue Hub Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include The Schubert Club ($3.9m), Berkshire Theatre Group Inc ($3.9m) and The Rosenbach of the Free Library of Philadelphia ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $890k (21% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.4m against liabilities of $134k, net assets of $4.2m. It reported 25 employees.