19th News

Analysis

19th News is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 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, 19th News reported income of $11.2m and spending of $10.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $11.2m (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 19th News sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Aspen Art Museum ($11.1m), San Antonio African American Community Archive and Museum ($11.2m) and State Theatre Regional Arts Center at New Brunswick Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $2.2m (21% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $25.8m against liabilities of $340k, net assets of $25.4m. It reported 63 employees.