Corporation for Public Media Inc

Analysis

Corporation for Public Media Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2023, 3 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, Corporation for Public Media Inc reported income of $424k and spending of $334k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $440k to $424k (-3.6%), an average of -3.6% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corporation for Public Media Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Saratoga Springs Universal Preservation Hall ($424k), Historic Rock Castle Inc ($424k) and Lauren Edson Dance Incorporated ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Other salaries and wages came to $95k. At year end it held assets of $109k against liabilities of $0, net assets of $109k.