Andover Community Access and Media Inc

Analysis

Andover Community Access and Media Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in June 2008, 18 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 2024, Andover Community Access and Media Inc reported income of $395k and spending of $458k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $324k to $395k (+22%), an average of +5.1% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Andover Community Access and Media Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Psychometric Society Educational Testing Service ($395k), Fort Chadbourne Foundation ($395k) and Lowell Makes ($395k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (31% of expenses). Other salaries and wages came to $140k. At year end it held assets of $242k against liabilities of $1,200, net assets of $241k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.