Medfield Community Cable Access Corporation

Analysis

Medfield Community Cable Access Corporation is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medfield Community Cable Access Corporation reported income of $325k and spending of $342k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $325k (+1.1%), an average of +0.3% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medfield Community Cable Access Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Big Horn Equestrian Center Inc ($325k), Voter Network Foundation ($325k) and Give Me a Chance ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $151k (44% of expenses). At year end it held assets of $743k against liabilities of $13k, net assets of $730k. It reported 6 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.