Grassroots Television Inc

Analysis

Grassroots Television Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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, Grassroots Television Inc reported income of $418k and spending of $510k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $418k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grassroots Television Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Buckeye Firearms Foundation Inc ($418k), Sandusky Valley Domestic Violence Shelter Inc ($418k) and Zaching Against Cancer Foundation Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $312k (61% of expenses). Other salaries and wages came to $73k. At year end it held assets of $244k against liabilities of -$5,772, net assets of $249k. It reported 8 employees.