Internews Network

Analysis

Internews Network is a registered charity in United States, based in Arcata, CA. It received its IRS tax-exemption ruling in June 1987, 39 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, Internews Network reported income of $123.9m and spending of $123.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66.8m to $123.9m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Internews Network sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include American Association for the Advancement of Science ($123.2m), Segerstrom Center for the Arts ($124.1m) and Mriglobal ($119.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.2m (1.0% of expenses). Other salaries and wages came to $34.3m. At year end it held assets of $32.8m against liabilities of $24.5m, net assets of $8.3m. It reported 253 employees.