KLTV Inc

Analysis

KLTV Inc is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in December 1984, 42 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 December 2023, KLTV Inc reported income of $530k and spending of $551k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $516k to $530k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KLTV Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Friends of the Temecula Childrens Museum ($530k), The Friends of the University of the Holy Spirit of Kaslik Inc ($530k) and Tyler Civic Theatre ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $109k (20% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.6m against liabilities of $7,846, net assets of $1.6m. It reported 7 employees.