Pegasus Media Project

Analysis

Pegasus Media Project is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pegasus Media Project reported income of $119k and spending of $122k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $119k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pegasus Media Project sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Ohio Association of Student Financial Aid Administrators ($119k), Meadowbrook Community Care ($119k) and Finger Lakes Building Officials Association ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. At year end it held assets of $87k against liabilities of $60k, net assets of $27k.