National Trust for Local News

Analysis

National Trust for Local News is a registered charity in United States, based in Brighton, CO. It received its IRS tax-exemption ruling in May 2022, 4 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, National Trust for Local News reported income of $46.1m and spending of $24.4m, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.9m to $46.1m (+2302%), an average of +390% a year. The sharpest change came in the year to December 2023, when income rose by 974%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Trust for Local News sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Parallax Advanced Research Corp ($46.0m), The Studio Museum in Harlem ($47.2m) and Minnesota Masterpiece Hall ($45.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $371k (1.5% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $40.7m against liabilities of $15.8m, net assets of $24.9m. It reported 521 employees.