Beverly Cable and Telecommunications Corporation

Analysis

Beverly Cable and Telecommunications Corporation is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in November 2002, 24 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, Beverly Cable and Telecommunications Corporation reported income of $826k and spending of $642k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $826k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beverly Cable and Telecommunications Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Renaissance Theaterworks Inc ($826k), Boonescreek Historical Trust ($827k) and River and Rail Theatre Company ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $98k (15% of expenses). Other salaries and wages came to $277k. At year end it held assets of $1.3m against liabilities of $269k, net assets of $1.0m. It reported 22 employees.