Religion Media Company

Analysis

Religion Media Company is a registered charity in United States, based in Riverside, CT. It received its IRS tax-exemption ruling in October 2021, 5 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, Religion Media Company reported income of $2.4m and spending of $1.4m, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $237k to $2.4m (+892%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Religion Media Company sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Friends of the Strand Inc ($2.4m), Las Vegas Philharmonic ($2.4m) and South Texas Public Broadcasting System ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $909, net assets of $1.5m.