Altruism Media Inc

Analysis

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

In the financial year ending December 2023, Altruism Media Inc reported income of $406k and spending of $330k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $406k (+522%), an average of +522% a year. The sharpest change came in the year to December 2023, when income rose by 522%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Altruism 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 67th percentile, and in the 64th percentile within MO. Charities of a similar size with the same main cause include Arena Players Inc ($406k), Palm Springs Historical Society ($406k) and Missouri Falun Dafa Association ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 4 employees.