Watertown Cable Access Corporation

Analysis

Watertown Cable Access Corporation is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in January 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, Watertown Cable Access Corporation reported income of $382k and spending of $777k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $685k to $382k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Watertown Cable Access Corporation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Sonoma Arts Live ($382k), Iowa Arts in Education ($382k) and Museum-Greenwood S C ($382k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 148% of the total. Compensation of current officers, directors and key employees was $89k (12% of expenses). Other salaries and wages came to $297k. At year end it held assets of $1.3m against liabilities of $19k, net assets of $1.2m. It reported 12 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.