Lehigh Valley Public Telecommunications Corp

Analysis

Lehigh Valley Public Telecommunications Corp is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in September 1965, 61 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 June 2023, Lehigh Valley Public Telecommunications Corp reported income of $6.5m and spending of $15.1m, spending 233% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $6.5m (-21%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lehigh Valley Public Telecommunications Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Youth America Grand Prix Inc ($6.5m), Kentucky Dance Council Inc ($6.5m) and Chesapeake Bay Maritime Museum Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $1.0m (6.7% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $125.1m against liabilities of $9.3m, net assets of $115.8m. It reported 85 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.