Belmont Community Media Center Inc

Analysis

Belmont Community Media Center Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in December 2005, 21 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, Belmont Community Media Center Inc reported income of $527k and spending of $521k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $542k to $527k (-2.8%), an average of -0.7% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belmont Community Media Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Blue Bird Lifeways Inc ($527k), Boston Chamber Music Society Inc ($527k) and Chicago Public Art Group ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $180k. At year end it held assets of $914k against liabilities of $46k, net assets of $868k. It reported 7 employees.