Current Media Inc

Analysis

Current Media Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2021, 5 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 2022, Current Media Inc reported income of $290k and spending of $231k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $257k to $290k (+13%), an average of +13% a year. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Current Media Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Midwest Music Foundation Inc ($290k), Islamic Leadership Institute of America ($290k) and Creative Opportunities Group Inc ($290k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $48k (21% of expenses). At year end it held assets of $177k against liabilities of $10k, net assets of $167k. It reported 1 employees.