Tribe Media Corp

Analysis

Tribe Media Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Tribe Media Corp reported income of $2.2m and spending of $2.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.2m (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 40%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tribe Media Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include The Roslyn Highlands Hook & Ladder Engine & Hose Company ($2.2m), Mental Health Association in San Diego County ($2.2m) and Big Brothers Big Sisters Mountain Region ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $286k (11% of expenses). Other salaries and wages came to $584k. At year end it held assets of $534k against liabilities of $560k, net assets of -$25k. It reported 16 employees.