Local Journalism Initiative
EIN: 872914947 · Wilmington, DE · NTEE: A30
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $170K |
| Net Assets | $291K |
Is Local Journalism Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Journalism Initiative
Local Journalism Initiative (EIN: 872914947) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A30. The organization reported total revenue of $2.7M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Journalism Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Journalism Initiative is a mid-size nonprofit that has been operating for 4 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $455K |
| Total Expenses | $170K |
| Surplus / Deficit | +$285K |
| Total Assets | $1.4M |
| Total Liabilities | $1.1M |
| Net Assets | $291K |
| Operating Margin | 62.7% |
| Debt-to-Asset Ratio | 78.8% |
| Months of Reserves | 97.3 months |
Financial Health Grade: A
In 2023, Local Journalism Initiative reported a surplus of $285K with revenue exceeding expenses, holds 97.3 months of operating reserves (strong position), has a debt-to-asset ratio of 78.8% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Journalism Initiative has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local Journalism Initiative with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $285K, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.8%.
Frequently Asked Questions about Local Journalism Initiative
Is Local Journalism Initiative a legitimate charity?
Local Journalism Initiative (EIN: 872914947) is a registered tax-exempt nonprofit based in Delaware. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Local Journalism Initiative spend its money?
Local Journalism Initiative reported $2.7M in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local Journalism Initiative tax-deductible?
Local Journalism Initiative is registered as a tax-exempt nonprofit (EIN: 872914947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Journalism Initiative located?
Local Journalism Initiative is headquartered in Wilmington, Delaware and files with the IRS under EIN 872914947. It is classified under NTEE code A30.
Filing History
IRS 990 filing history for Local Journalism Initiative showing financial trends over 1 year of public records:
In its most recent filing year (2023), Local Journalism Initiative reported a surplus of $285K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.4M in assets (debt-to-asset ratio: 78.8%), resulting in net assets of $291K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $455K | $170K | $1.4M | $1.1M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Journalism Initiative:
Data Sources and Methodology
This transparency report for Local Journalism Initiative 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.