Lincoln County Television

Analysis

Lincoln County Television is a registered charity in United States, based in Newcastle, ME. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln County Television reported income of $227k and spending of $232k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $227k (+215%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln County Television sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Moore County Historical Museum ($227k), Big Brothers Big Sisters of Blair County ($227k) and Hopeanchor & Crew Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 9.6% of the total. Other salaries and wages came to $146k. At year end it held assets of $41k against liabilities of $27k, net assets of $14k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.