Tiny News Collective Inc

Analysis

Tiny News Collective Inc is a registered charity in United States, based in Philadelphia, PA. 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, Tiny News Collective Inc reported income of $1.9m and spending of $1.5m, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $231k to $1.9m (+735%), an average of +189% a year. The sharpest change came in the year to December 2022, when income rose by 712%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tiny News Collective Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Berkshire Choral International Inc ($1.9m), Points North Institute ($1.9m) and Pyramid Hill Sculpture Park and Museum ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $225k. At year end it held assets of $2.0m against liabilities of $251k, net assets of $1.7m. It reported 5 employees.