Marlborough Cable Trust

Analysis

Marlborough Cable Trust is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Marlborough Cable Trust reported income of $496k and spending of $517k, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $512k to $496k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to March 2023, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marlborough Cable Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Tallahassee Inc ($496k), Habitat for Humanity International Inc ($496k) and Bowen Nursery School Inc ($495k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $153k (30% of expenses). Other salaries and wages came to $135k. At year end it held assets of $457k against liabilities of $234k, net assets of $223k. 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.