Connecticut Public Broadcasting Inc

Analysis

Connecticut Public Broadcasting Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1964, 62 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 June 2023, Connecticut Public Broadcasting Inc reported income of $22.9m and spending of $26.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.7m to $22.9m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 17%. 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, Connecticut Public Broadcasting Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Oregon Museum of Science and Industry ($22.9m), Seventh Regiment Armory Conservancy Inc ($23.0m) and Technology Review Inc ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $2.1m (7.7% of expenses). Other salaries and wages came to $8.4m. It paid $277k in professional fundraising fees. At year end it held assets of $71.0m against liabilities of $11.2m, net assets of $59.7m. It reported 177 employees.