Spencer Cable Access Corporation

Analysis

Spencer Cable Access Corporation is a registered charity in United States, based in Spencer, MA. It received its IRS tax-exemption ruling in August 2010, 16 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, Spencer Cable Access Corporation reported income of $140k and spending of $173k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $140k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spencer Cable Access Corporation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Harvard-Radcliffe Collegium Musicum Foundation Inc ($140k), Newport News Japanese School Inc ($140k) and Collective Arts Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $46k. At year end it held assets of $639k against liabilities of $0, net assets of $639k. It reported 3 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.