Somerville Community Access Television Inc

Analysis

Somerville Community Access Television Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in April 1984, 42 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, Somerville Community Access Television Inc reported income of $849k and spending of $492k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $849k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somerville Community Access Television Inc 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 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Army Aviation Museum Foundation Inc ($849k), Virginia Museum of Transportation Inc ($849k) and 3s Contemporary Arts Space Inc ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $87k (18% of expenses). Other salaries and wages came to $205k. At year end it held assets of $1.5m against liabilities of $21k, net assets of $1.5m. It reported 12 employees.