WMHT Educational Telecommunications Inc

Analysis

WMHT Educational Telecommunications Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in February 1955, 71 years ago. 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, WMHT Educational Telecommunications Inc reported income of $9.4m and spending of $8.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $9.4m (+3.6%), an average of +0.9% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, WMHT Educational Telecommunications Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include National Center on Education & the Economy ($9.4m), 90 Works Inc ($9.4m) and Harmony Foundation Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $890k (10% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $26.2m against liabilities of $1.7m, net assets of $24.5m. It reported 49 employees.