990 Scout/ Local Journalism Initiative/ Financials

Financial Information for Local Journalism Initiative

Local Journalism Initiative's annual revenue was $1.5M in tax year 2024, reported on their IRS Form 990. They spent $1.1M in total expenses. 68% went to programs and services.

Financial Breakdown

What is Local Journalism Initiative's total annual expenses?

Local Journalism Initiative spent $1.1M in tax year 2024, according to their IRS Form 990 filing.

How much of Local Journalism Initiative's budget goes to programs?

Local Journalism Initiative spent $751K (68% of expenses) on programs and services in tax year 2024.

How much does Local Journalism Initiative spend on overhead?

Local Journalism Initiative's overhead in tax year 2024 includes administrative (18%) and fundraising (13%) of their expenses.

What is Local Journalism Initiative's net worth?

Local Journalism Initiative had net assets of $678K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.