Methuen Community Television Corp

Analysis

Methuen Community Television Corp is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. 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 June 2024, Methuen Community Television Corp reported income of $636k and spending of $695k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $750k to $636k (-15%), an average of -4.0% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Methuen Community Television Corp 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 74th percentile within MA. Charities of a similar size with the same main cause include Carmel-By-The Sea Public Library Foundation ($636k), Oregon-Washington Cement Masons- Emplyrs Apprntcshp & TRNG TR Fund ($636k) and Rape & Suicide Crisis of Southeast Texas Inc ($636k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $91k (13% of expenses). Other salaries and wages came to $180k. At year end it held assets of $4.5m against liabilities of $66k, net assets of $4.5m. It reported 8 employees.