Wet Mountain Broadcasting Corp

Analysis

Wet Mountain Broadcasting Corp is a registered charity in United States, based in Westcliffe, CO. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Wet Mountain Broadcasting Corp reported income of $97k and spending of $123k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $97k (-41%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wet Mountain Broadcasting Corp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include The Legacy of Love Foundation Inc ($97k), PTA California Congress of Parents Teachers & Students Inc ($97k) and Hopkinsville Christian County Youth League Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. At year end it held assets of $238k against liabilities of $4,709, net assets of $234k.