Salt Pond Community Broadcasting Company

Analysis

Salt Pond Community Broadcasting Company is a registered charity in United States, based in East Orland, ME. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Salt Pond Community Broadcasting Company reported income of $667k and spending of $699k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $667k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salt Pond Community Broadcasting Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($666k), Devils Lake Rural Fire Department Inc ($667k) and Aid for Individual Development ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (8.7% of expenses). Other salaries and wages came to $297k. At year end it held assets of $599k against liabilities of $150k, net assets of $449k. It reported 9 employees.