States Newsroom

Analysis

States Newsroom is a registered charity in United States, based in Washington, DC. 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 (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, States Newsroom reported income of $17.1m and spending of $25.4m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $17.1m (+145%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, States Newsroom sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Historic Landmarks Foundation of Indiana Inc ($17.1m), Philadelphia Mural Arts Advocates ($17.1m) and The Paley Center for Media ($17.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $252k (1.0% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $12.6m against liabilities of $2.6m, net assets of $10.0m. It reported 256 employees.