Norfolk Cable Corporation

Analysis

Norfolk Cable Corporation is a registered charity in United States, based in Norfolk, MA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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, Norfolk Cable Corporation reported income of $246k and spending of $182k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $246k (+4.7%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norfolk Cable Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Fountain Valley High School ($246k), Knox Public Library ($246k) and Little League Baseball Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Other salaries and wages came to $81k. At year end it held assets of $561k against liabilities of $126k, net assets of $435k. It reported 5 employees.