Local TV Inc

Analysis

Local TV Inc is a registered charity in United States, based in Wainscott, NY. It received its IRS tax-exemption ruling in July 1993, 33 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, Local TV Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $832k to $1.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Local TV Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Studio Incamminati ($1.2m), Public Media Network ($1.2m) and The Maine Narrow Gauge Railroad and Industrial Hertiage Trust ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $132k (11% of expenses). Other salaries and wages came to $506k. At year end it held assets of $1.2m against liabilities of $77k, net assets of $1.1m. It reported 21 employees.