Long Island Coalition for Fair Broadcasting Inc

Analysis

Long Island Coalition for Fair Broadcasting Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in May 1981, 45 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 March 2023, Long Island Coalition for Fair Broadcasting Inc reported income of $148k and spending of $260k, spending 177% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $207k to $148k (-29%), an average of -8.2% a year. The sharpest change came in the year to March 2021, when income dropped by 54%. Over the whole period it spent 142% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Island Coalition for Fair Broadcasting Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Dell Arte Opera Ensemble Inc ($147k), LA Puente High School Cheer and Dance Boosters ($148k) and Niles Essanay Silent Film Museum Inc ($147k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $157k (60% of expenses). At year end it held assets of $156k against liabilities of $479k, net assets of -$323k. It reported 1 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.