Human Services (P50) IRS Verified DX Registered 990 on File

LOCAL MEDIA FOUNDATION

EIN: 36-4427750 · LAKE CITY, MI 49651-0450 · United States · FY 2023 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The purpose of the Local Media Foundation is to ensure a healthy future for local journalism, which is essential to a strong democracy, by reinventing business models for the news.

Financial Overview — FY 2023

$6.6M

Total Revenue

$6.0M

Total Expenses

$2.2M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 81.8%

Fundraising Efficiency N/A

Operating Reserve 4.50x

Liability-to-Asset 48.2%

Revenue Diversification 51.9%

Executive Compensation $465K

Compared with Peers

FY 2023

Compared with 10,320 similar organizations (United States, Human Services, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	81.8%	85.4%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	18.2%	11.4%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.4%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	4.5 mo	8.5 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	48.2%	14.7%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	51.9%	93.3%	P10P90	Top quarter
Revenue growth Year over year revenue growth	14.2%	7.5%	P10P90
Expense growth Year over year expense growth	31.6%	10.7%	P10P90
Surplus margin Surplus as a share of revenue	9.1%	2.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$6.6M	$6.0M	$2.2M	81.8%
2022	$5.8M	$4.6M	$1.6M	80.3%
2021	$2.0M	$2.4M	N/A	—

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Organization Details

EIN: 36-4427750
State: MI
City: LAKE CITY
ZIP: 49651-0450
Classification: P50
Category: Human Services
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2001
Foundation Code: 17
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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