Record Community News Group

Analysis

Record Community News Group is a registered charity in United States, based in Lombard, IL. It received its IRS tax-exemption ruling in August 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, Record Community News Group reported income of $176k and spending of $142k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $176k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Record Community News Group sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include American Friends of English National Opera Inc ($176k), Rhode Island Council on Problem Gambling ($176k) and Cutter Theatre ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.