Katharsis Media

Analysis

Katharsis Media is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 2019, 7 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 2024, Katharsis Media reported income of $303k and spending of $258k, spending 85% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $120k to $303k (+153%), an average of +153% a year. The sharpest change came in the year to May 2024, when income rose by 153%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Katharsis Media 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 62nd percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Natureworks Inc ($303k), Bold Impact ($303k) and Creative Nonfiction Foundation ($302k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $97k (37% of expenses). At year end it held assets of $69k against liabilities of $66k, net assets of $2,914.