Somerset Access Television Inc

Analysis

Somerset Access Television Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in July 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somerset Access Television Inc reported income of $267k and spending of $318k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $322k to $267k (-17%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income rose by 70077%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somerset Access Television Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Mountain Time Arts ($267k), Gomez Foundation for Mill House ($267k) and Wayword Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $203k. At year end it held assets of $256k against liabilities of $0, net assets of $256k. It reported 5 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.