Grand Rapids Media Initiative and Film Incubator

Analysis

Grand Rapids Media Initiative and Film Incubator is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 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, Grand Rapids Media Initiative and Film Incubator reported income of $66k and spending of $81k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $675k to $66k (-90%), an average of -69% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Rapids Media Initiative and Film Incubator sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Community Playhouse of Lancaster County Inc ($66k), Camp Roberts Historical Museumfoundation ($66k) and Sweet Adelines International ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $62, net assets of $35k.