Independence Public Media Of Philadelphia Inc
Independence Public Media: Strong Assets, Volatile Revenue, and High Program Spending
EIN: 222600747 · Philadelphia, PA · NTEE: A320 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $32.6M |
| Total Expenses | $11.9M |
| Program Spending | 90% |
| Net Assets | $116.4M |
| Transparency Score | 85/100 |
Is Independence Public Media Of Philadelphia Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independence Public Media Of Philadelphia Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independence Public Media Of Philadelphia Inc
Independence Public Media Of Philadelphia Inc (EIN: 222600747) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A320. The organization reported total revenue of $32.6M and total assets of $120.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Public Media Of Philadelphia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independence Public Media Of Philadelphia Inc is a large nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $11.9M |
| Surplus / Deficit | $-9,843,682 |
| Total Assets | $117.5M |
| Total Liabilities | $1.0M |
| Net Assets | $116.4M |
| Operating Margin | -469.5% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 118.0 months |
Financial Health Grade: B
In 2023, Independence Public Media Of Philadelphia Inc reported a deficit of $9.8M with expenses exceeding revenue, holds 118.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Independence Public Media Of Philadelphia Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.6% | -0.7% | +2.5% |
| 2022 | -68.5% | -6.4% | -22.0% |
| 2021 | +289.5% | +84.9% | +2.3% |
| 2020 | +2.4% | -4.4% | +8.1% |
| 2019 | +51.0% | +0.6% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independence Public Media Of Philadelphia Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Independence Public Media Of Philadelphia Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's asset size and mission, with no immediate red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Independence Public Media Of Philadelphia Inc's IRS 990 filings:
- Revenue has been highly volatile, ranging from $1.4 million in 2018 to $132.7 million in 2017, making consistent financial forecasting challenging.
- The significant drop in revenue from $21.8 million in 2021 to $6.8 million in 2022 and then a rise to $20.9 million in 2023 requires further investigation into funding sources.
Strengths
The following positive indicators were identified for Independence Public Media Of Philadelphia Inc:
- Consistently high asset base (over $100 million) provides significant financial stability.
- A very high percentage of spending is directed towards programs (around 90% based on available data), indicating strong mission focus.
- The organization has demonstrated the ability to manage large fluctuations in revenue while maintaining a strong asset base.
Frequently Asked Questions about Independence Public Media Of Philadelphia Inc
Is Independence Public Media Of Philadelphia Inc a legitimate charity?
Independence Public Media Of Philadelphia Inc (EIN: 222600747) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $32.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Independence Public Media Of Philadelphia Inc spend its money?
Independence Public Media Of Philadelphia Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independence Public Media Of Philadelphia Inc tax-deductible?
Independence Public Media Of Philadelphia Inc is registered as a tax-exempt nonprofit (EIN: 222600747). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independence Public Media Of Philadelphia Inc's spending goes to programs?
Independence Public Media Of Philadelphia Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independence Public Media Of Philadelphia Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Independence Public Media Of Philadelphia Inc is above average for NTEE category A320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independence Public Media Of Philadelphia Inc located?
Independence Public Media Of Philadelphia Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222600747. It is classified under NTEE code A320.
How many years of IRS 990 filings does Independence Public Media Of Philadelphia Inc have?
Independence Public Media Of Philadelphia Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $32.6M in total revenue.
What does Independence Public Media Of Philadelphia Inc do?
Independence Public Media Of Philadelphia Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code A320.
How much revenue does Independence Public Media Of Philadelphia Inc have?
Independence Public Media Of Philadelphia Inc reported total revenue of $32,614,908. Based on 14 IRS 990 filings on record.
What are Independence Public Media Of Philadelphia Inc's total assets?
Independence Public Media Of Philadelphia Inc holds total assets of $120,763,019 as reported in IRS 990 filings.
Where is Independence Public Media Of Philadelphia Inc located?
Independence Public Media Of Philadelphia Inc is based in Philadelphia, Pennsylvania.
What is Independence Public Media Of Philadelphia Inc's EIN?
Independence Public Media Of Philadelphia Inc's Employer Identification Number (EIN) is 222600747. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Independence Public Media Of Philadelphia Inc?
Independence Public Media Of Philadelphia Inc is classified under NTEE code A320 (Arts, Culture & Humanities).
Is Independence Public Media Of Philadelphia Inc a registered 501(c)(3)?
Yes, Independence Public Media Of Philadelphia Inc is recognized as a tax-exempt organization by the IRS. EIN: 222600747.
Does Independence Public Media Of Philadelphia Inc file IRS Form 990?
Yes, Independence Public Media Of Philadelphia Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Independence Public Media Of Philadelphia Inc's revenue in 2023?
In the 202312 filing period, Independence Public Media Of Philadelphia Inc reported total revenue of $2,096,477, total expenses of $11,940,159, and net assets of $117,454,732.
Is Independence Public Media Of Philadelphia Inc's revenue growing or declining?
Independence Public Media Of Philadelphia Inc's revenue is declining. Revenue went from $6,898,202 (202212) to $2,096,477 (202312), a -69.6% change. Based on 14 filings on record.
What is Independence Public Media Of Philadelphia Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Independence Public Media Of Philadelphia Inc covers tax period 202312. It shows revenue of $2,096,477, expenses of $11,940,159, total assets of $117,454,732, and liabilities of $1,012,347.
How much does Independence Public Media Of Philadelphia Inc spend on programs vs administration?
Based on IRS 990 analysis, Independence Public Media Of Philadelphia Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Independence Public Media Of Philadelphia Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Independence Public Media Of Philadelphia Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Independence Public Media Of Philadelphia Inc?
The following concerns were identified: Revenue has been highly volatile, ranging from $1.4 million in 2018 to $132.7 million in 2017, making consistent financial forecasting challenging.. The significant drop in revenue from $21.8 million in 2021 to $6.8 million in 2022 and then a rise to $20.9 million in 2023 requires further investigation into funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Independence Public Media Of Philadelphia Inc's strengths?
Positive indicators for Independence Public Media Of Philadelphia Inc include: Consistently high asset base (over $100 million) provides significant financial stability.. A very high percentage of spending is directed towards programs (around 90% based on available data), indicating strong mission focus.. The organization has demonstrated the ability to manage large fluctuations in revenue while maintaining a strong asset base.. These findings are derived from AI analysis of the organization's financial filings.
How does Independence Public Media Of Philadelphia Inc compensate executives?
Executive compensation appears reasonable given the organization's asset size and mission, with no immediate red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the massive revenue spike in 2017 ($132,734,290) compared to other years, and how sustainable are such funding events?
The 2017 revenue spike is an outlier compared to other years, which typically show revenues in the single to low double-digit millions. Understanding the source of this large influx (e.g., a major one-time grant or endowment contribution) is crucial for assessing future financial predictability and sustainability.
Given the substantial assets, what is the organization's strategy for leveraging these assets to generate more consistent operating revenue or expand program impact?
With assets consistently exceeding $100 million, the organization has a significant financial cushion. An inquiry into their investment strategy for these assets and how the returns contribute to their annual operating budget or specific program initiatives would provide insight into long-term financial planning and impact generation.
Filing History
IRS 990 filing history for Independence Public Media Of Philadelphia Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Independence Public Media Of Philadelphia Inc's revenue has grown by 55.9%, moving from $1.3M to $2.1M. Total assets increased by 6474.7% over the same period, from $1.8M to $117.5M. Total functional expenses rose by 554.8%, from $1.8M to $11.9M. In its most recent filing year (2023), Independence Public Media Of Philadelphia Inc reported a deficit of $9.8M, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $117.5M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $116.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $11.9M | $117.5M | $1.0M | — | — |
| 2022 | $6.9M | $12.0M | $114.6M | $2.3M | — | View 990 |
| 2021 | $21.9M | $12.9M | $147.0M | $2.0M | — | View 990 |
| 2020 | $5.6M | $6.9M | $143.7M | $1.9M | — | View 990 |
| 2019 | $5.5M | $7.3M | $132.9M | $1.4M | — | View 990 |
| 2019 | $3.6M | $7.2M | $131.6M | $1.2M | — | View 990 |
| 2018 | $1.4M | $1.6M | $130.6M | $93K | — | View 990 |
| 2017 | $132.7M | $2.8M | $132.1M | $1.4M | — | View 990 |
| 2016 | $2.0M | $2.2M | $989K | $257K | — | View 990 |
| 2015 | $1.6M | $1.6M | $1.2M | $205K | — | View 990 |
| 2014 | $1.7M | $1.7M | $1.3M | $318K | — | View 990 |
| 2013 | $1.6M | $1.7M | $1.3M | $367K | — | View 990 |
| 2012 | $1.4M | $1.8M | $1.5M | $498K | — | View 990 |
| 2011 | $1.3M | $1.8M | $1.8M | $378K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $11.9M, and assets of $117.5M (revenue -69.6% year-over-year).
- 2022: Revenue of $6.9M, expenses of $12.0M, and assets of $114.6M (revenue -68.5% year-over-year).
- 2021: Revenue of $21.9M, expenses of $12.9M, and assets of $147.0M (revenue +289.5% year-over-year).
- 2020: Revenue of $5.6M, expenses of $6.9M, and assets of $143.7M (revenue +2.4% year-over-year).
- 2019: Revenue of $5.5M, expenses of $7.3M, and assets of $132.9M (revenue +51.0% year-over-year).
- 2019: Revenue of $3.6M, expenses of $7.2M, and assets of $131.6M (revenue +150.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.6M, and assets of $130.6M (revenue -98.9% year-over-year).
- 2017: Revenue of $132.7M, expenses of $2.8M, and assets of $132.1M (revenue +6628.2% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.2M, and assets of $989K (revenue +19.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue -1.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M (revenue +6.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $1.3M (revenue +10.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.8M, and assets of $1.5M (revenue +5.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.8M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Public Media Of Philadelphia Inc:
Data Sources and Methodology
This transparency report for Independence Public Media Of Philadelphia Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.