Staten Island Community Television Inc

Analysis

Staten Island Community Television Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Staten Island Community Television Inc reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.6m (-19%), an average of -5.2% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Staten Island Community Television Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Disabled Veterans Rest Camp Association Inc ($1.6m), Garden-Empire Volleyball Association ($1.6m) and All Hallows Community ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $255k (15% of expenses). Other salaries and wages came to $719k. At year end it held assets of $7.8m against liabilities of $55k, net assets of $7.8m. It reported 14 employees.