Wakefield Community Access Television Inc

Analysis

Wakefield Community Access Television Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in February 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wakefield Community Access Television Inc reported income of $444k and spending of $433k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $532k to $444k (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wakefield Community Access Television Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Youth Arts Collective Inc ($444k), Hospitality Center for Chinese ($444k) and Santa Barbara Community Youth Performing Arts Center ($444k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 9.6% of the total. Other salaries and wages came to $295k. At year end it held assets of $982k against liabilities of $58k, net assets of $924k. It reported 6 employees.