Larchmont-Mamaroneck Community Television Inc

Analysis

Larchmont-Mamaroneck Community Television Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in March 1985, 41 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, Larchmont-Mamaroneck Community Television Inc reported income of $1.1m and spending of $831k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $1.1m (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Larchmont-Mamaroneck Community Television Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Toledo Opera Association ($1.1m), Museum of Contemporary Art Arlington ($1.1m) and Colour of Music Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.3% of the total. Other salaries and wages came to $434k. At year end it held assets of $845k against liabilities of $270k, net assets of $575k. It reported 14 employees.