Westborough TV Inc

Analysis

Westborough TV Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in May 2006, 20 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, Westborough TV Inc reported income of $290k and spending of $342k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $385k to $290k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westborough TV Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Margaret Jenkins Dance Studio Inc ($290k), Craftsmens Guild of Mississippi Inc ($290k) and Kindred Civic Arts Forum ($290k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $98k (29% of expenses). Other salaries and wages came to $123k. At year end it held assets of $751k against liabilities of $7,777, net assets of $743k. It reported 13 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.