Local Media Foundation

Human Services · Lake City, Michigan

Po Box 450, Lake City, MI 49651-0450

EIN: 364427750· Founded: Apr 2003· 23 years active· Filing Year: 2023

Annual Revenue

$6.6M

Total Expenses

$6.0M

Total Assets

$4.3M

Program Spending

57%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$465K

7.8% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.5M

Total Payroll

$1.9M

32% of total expenses

Where the Money Goes

57%

Programs: 57%

Payroll: 32%

Other overhead: 43%

Program Revenue$3.4M (52%)

Total Expenses$6.0M (91%)

Payroll$1.9M (32%)

Overhead (non-program)43%

Trust Score Breakdown

Program Spending Ratio

57% of expenses go to programs

40%

Revenue & Stability

$6.6M annual revenue

15%

Executive Compensation

$465K total officer comp (7.8% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$4.3M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.