Growing Community Media NFP

Analysis

Growing Community Media NFP is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, Growing Community Media NFP reported income of $1.6m and spending of $2.0m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $833k to $1.6m (+93%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Growing Community Media NFP sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Whatcom Museum Foundation ($1.6m), Old Spanish Days ($1.6m) and Seatle to Seatle Japanese School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $127k (6.5% of expenses). Other salaries and wages came to $803k. At year end it held assets of $1.8m against liabilities of $862k, net assets of $888k. It reported 25 employees.