Independent World Television Inc

Analysis

Independent World Television Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2005, 21 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, Independent World Television Inc reported income of $2.5m and spending of $2.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.5m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent World Television Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Orange County Music and Dance Inc ($2.5m), Philadelphia Society for the Preservation of Landmarks ($2.5m) and Blackstone Valley Tourism Council Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $265k (9.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $153k, net assets of $968k. It reported 18 employees.