Radio Port Townsend

Analysis

Radio Port Townsend is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in June 2009, 17 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, Radio Port Townsend reported income of $297k and spending of $254k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $297k (-75%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Radio Port Townsend sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Acts Career Center Inc ($297k), Richmond Museum Assn Inc ($298k) and India Cultural Center of Greenwich Inc ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.7m against liabilities of $7,104, net assets of $1.7m. It reported 9 employees.