Lake Champlain Access Television Inc

Analysis

Lake Champlain Access Television Inc is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in April 2002, 24 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, Lake Champlain Access Television Inc reported income of $730k and spending of $662k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $730k (+10%), an average of +2.4% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Champlain Access Television Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include Tippecanoe County Historical Association ($730k), Tom of Finland Foundation Inc ($730k) and Ars Nova Workshop Inc ($730k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $84k (13% of expenses). Other salaries and wages came to $261k. At year end it held assets of $1.2m against liabilities of -$5,571, net assets of $1.2m. It reported 16 employees.