Community Access Television for Malden Inc

Analysis

Community Access Television for Malden Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2024, Community Access Television for Malden Inc reported income of $602k and spending of $809k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $773k to $602k (-22%), an average of -6.0% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Access Television for Malden Inc sits at the 80th percentile: it is larger than about 80% 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 South Coast Community Media Access Center ($602k), Cafa Third Horizon Inc ($602k) and Souls Grown Deep Foundation Inc ($602k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $110k (14% of expenses). Other salaries and wages came to $338k. At year end it held assets of $481k against liabilities of $39k, net assets of $442k. It reported 9 employees.