Massachusetts · Nonprofit
PRX Inc
PRX Inc (Massachusetts) receives grants from 19 organizations whose IRS filings report $9,273,269 to it, the largest being CORPORATION FOR PUBLIC BROADCASTING ($5,739,138). 10 of them have funded it in more than one year.
- Revenue FY2025
- $27M
- Funders on record
- 19
- Grants received
- $9.3M
- Net assets
- $-9086029
What PRX Inc does
Mission
To lead changes that expand public media as a trusted source of knowledge, information, and inspiration for all.
As stated on its FY2025 Form 990.
Program
As a nonprofit public media company, PRX works in partnership with leading independent creators, organizations, and stations to bring meaningful audio storytelling into millions of listeners' lives. PRX is one of the world's top podcast publishers, public radio distributors, and audio producers, serving as an engine of innovation for public media and podcasting to help shape a vibrant future for creative and journalistic audio. Shows across PRX's portfolio of broadcast productions, podcast partners, and its Radiotopia podcast network have received recognition from the Peabody Awards, the Tribeca Festival, and International Documentary Association. In 2025 the following programs won or were finalists for awards and recognitions: In the Dark and This American Life (Peabody Awards), Reveal (National Magazine Awards and duPont Columbia Awards), and Radiotopia Presents: We're Doing the Wiz (Tribeca Festival). PRX's partners include TED, the Smithsonian, GBH Boston, Radiotopia, This American Life, and many more.
$25,109,513 spent$20,744,730 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $25,109,513.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $8.1M to $14M (+71%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 0% · 2021 0% · 2022 0% · 2023 0% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
22% of PRX Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (58% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kerri Hoffman
President & CEO
Board chair
Ashton Peery
Chairperson
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 8 funders, grant income rose $11k → $814k.
13 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $3.0M from 7 payers (the payer shares this organization's board, largest Silicon Valley Community Foundation). These are real filings, and they are not money PRX Inc raised.
From the IRS filings of PRX Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PRX Inc leans on a few funders — its largest provides 62% of grant income and the top three 84%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PRX Inc.
Largest funder’s share by year: 2017 99% · 2018 100% · 2019 88% · 2020 92% · 2021 44% · 2022 57% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
67% of PRX Inc's funders are still giving 3 years after their first grant; 53% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
PRX Inc draws 100% of its grant income from funders outside Massachusetts, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.2M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PRX Inc has grown faster than half of the 570 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 570 arts & culture nonprofits $10M–$100M, FY2025
Organizations like PRX Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
79%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 10 related entities
- Public Radio International · exempt
- Wgbh Educational Foundation · exempt
- New England Public Media Inc · exempt
- Btl Music Inc · exempt
- Listen to the Lion Music Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for PRX Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PRX Inc?
- PRX Inc (Massachusetts) receives grants from 19 organizations whose IRS filings report $9,273,269 to it, the largest being CORPORATION FOR PUBLIC BROADCASTING ($5,739,138). 10 of them have funded it in more than one year.
- How many funders does PRX Inc have?
- IRS filings report 19 organizations giving $9,273,269 in grants to PRX Inc, 10 of which have funded it in more than one year.
- Who is the largest funder of PRX Inc?
- CORPORATION FOR PUBLIC BROADCASTING is the largest funder on record, with $5,739,138 in grants. The full list of funders is on this page.
- How can an organization like PRX Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds PRX →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing