Fort Wayne Public Television Inc

Analysis

Fort Wayne Public Television Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 1972, 54 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fort Wayne Public Television Inc reported income of $3.0m and spending of $3.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $3.0m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Wayne Public Television Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Cotuit Center for the Arts Inc ($3.0m), Chashama Inc ($3.0m) and Conservation Science Partners Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $219k (6.9% of expenses). Other salaries and wages came to $990k. At year end it held assets of $4.8m against liabilities of $178k, net assets of $4.6m. It reported 49 employees.