Reading Community Television Inc

Analysis

Reading Community Television Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Reading Community Television Inc reported income of $655k and spending of $699k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $492k to $655k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Community Television Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Legacy Institute ($655k), All Nations Community School ($656k) and Resourcewest ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $365k. At year end it held assets of $901k against liabilities of $146k, net assets of $755k.