Vindex Media

Analysis

Vindex Media is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in July 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, Vindex Media reported income of $1.9m and spending of $1.4m, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $913k to $1.9m (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vindex Media sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within ID. Charities of a similar size with the same main cause include Merrimack Repertory Theatre ($1.9m), Craft in America Inc ($1.9m) and Points North Institute ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $102k (7.3% of expenses). Other salaries and wages came to $350k. It paid $68k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $90k, net assets of $1.2m. It reported 7 employees.