Marthas Vineyard Community Television Inc

Analysis

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

In the financial year ending December 2023, Marthas Vineyard Community Television Inc reported income of $888k and spending of $584k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $888k (+15%), an average of +3.6% a year. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marthas Vineyard Community Television Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Bloomsburg Theatre Ensemble ($888k), Valhalla Tahoe ($889k) and Intonation Music Workshop ($888k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $146k (25% of expenses). Other salaries and wages came to $217k. At year end it held assets of $3.4m against liabilities of $27k, net assets of $3.4m. It reported 12 employees.