Cable Center

Analysis

Cable Center is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cable Center reported income of $2.6m and spending of $4.1m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 192% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cable Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Leake Academy Inc ($2.6m), West Virginia University Alumni Association Inc ($2.6m) and Onondaga Community College Association Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $611k (15% of expenses). Other salaries and wages came to $509k. At year end it held assets of $53.2m against liabilities of $4.6m, net assets of $48.6m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.