Wilmington Community Television Inc

Analysis

Wilmington Community Television Inc is a registered charity in United States, based in Wilmington, MA. It received its IRS tax-exemption ruling in September 1992, 34 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, Wilmington Community Television Inc reported income of $594k and spending of $610k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $594k (+6.5%), an average of +1.6% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wilmington Community Television Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Christian Broadcasting Company ($594k), Childrens Museum of Stockton ($594k) and Fairfield Tempo Club ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $235k. At year end it held assets of $1.2m against liabilities of $414k, net assets of $810k. It reported 10 employees.