LJMN Media Inc

Analysis

LJMN Media Inc is a registered charity in United States, based in Falls Village, CT. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LJMN Media Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $1.7m (+61%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LJMN Media Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Fantasy Playhouse Childrens Theater ($1.7m), International Arts and Artists Inc ($1.7m) and Boston Music Project Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $47k (3.2% of expenses). Other salaries and wages came to $849k. At year end it held assets of $1.3m against liabilities of $387k, net assets of $888k.