Markup News Inc

Analysis

Markup News Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 December 2023, Markup News Inc reported income of $4.3m and spending of $5.6m, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $10.4m to $4.3m (-59%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Markup News Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include United States Foundation for the Commemoration of the World Wars ($4.3m), Delaware College of Art and Design ($4.3m) and Brucemore Inc ($4.3m).

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 $1.4m (25% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.1m against liabilities of $209k, net assets of $3.9m.