Massachussetts Media Fund Inc

Analysis

Massachussetts Media Fund Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massachussetts Media Fund Inc reported income of $134k and spending of $190k, spending 142% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $292k to $134k (-54%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 48%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Massachussetts Media Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Cuba Friends of Architecture Inc ($134k), Elequa Inc ($134k) and Friends of the M ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (74% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.