Rocky Mountain Public Media Inc

Analysis

Rocky Mountain Public Media Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1961, 65 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 June 2023, Rocky Mountain Public Media Inc reported income of $27.0m and spending of $24.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $27.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rocky Mountain Public Media Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Cincinnati Museum Association ($26.9m), San Diego Society of Natural History Balboa Park ($27.3m) and Baltimore Symphony Orchestra Inc ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $594k (2.5% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $72.2m against liabilities of $8.4m, net assets of $63.8m. It reported 135 employees.