Downtown Community Television Center Inc

Analysis

Downtown Community Television Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1973, 53 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, Downtown Community Television Center Inc reported income of $5.1m and spending of $5.8m, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $6.3m to $5.1m (-19%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Community Television Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Kohl Childrens Museum of Greater Chicago Inc ($5.1m), Hawaii Symphony Orchestra ($5.1m) and McA Denver ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $461k (7.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $8.6m against liabilities of $371k, net assets of $8.2m. It reported 56 employees.