Harpswell Community Broadcasting Corporation

Analysis

Harpswell Community Broadcasting Corporation is a registered charity in United States, based in Harpswell, ME. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Harpswell Community Broadcasting Corporation reported income of $100k and spending of $94k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $100k (+25%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harpswell Community Broadcasting Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 30th percentile within ME. Charities of a similar size with the same main cause include C Side Inc ($100k), Indian-American Cultural Association of Westchester Inc ($100k) and Murrieta Mesa HS Music Boosters ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $595, net assets of $148k.