Pittsburgh Community Broadcasting Corporation

Analysis

Pittsburgh Community Broadcasting Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1973, 53 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 September 2023, Pittsburgh Community Broadcasting Corporation reported income of $7.1m and spending of $8.2m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $6.5m to $7.1m (+8.2%), an average of +1.6% a year. The sharpest change came in the year to September 2022, when income rose by 479%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pittsburgh Community Broadcasting Corporation 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 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Old Salem Incorporated ($7.1m), Phoenix Performing Arts Center Inc ($7.1m) and Oregon Research Institute ($7.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $14.1m against liabilities of $256k, net assets of $13.8m. It reported 78 employees.