Lakes Region Television

Analysis

Lakes Region Television is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in August 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Lakes Region Television reported income of $116k and spending of $135k, spending 116% of what it took in. Across the 2 years on record, from September 2023 to September 2024, income fell from $126k to $116k (-7.5%), an average of -7.5% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakes Region Television sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 35th percentile within ME. Charities of a similar size with the same main cause include Enosis of Hellenic-American Organization ($116k), Bricklandia Inc ($116k) and Vietnam Army Grunt Museum ($116k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. At year end it held assets of $140k against liabilities of $2,353, net assets of $137k.